Trump's Statements on Interest Rates and Iran to TIME Magazine

In an interview with TIME magazine, US President Donald Trump stated that high interest rates harm the economy more than inflation. Trump also expressed that military moves against Iran could resume after the midterm elections.

Interest Rates Harm the Economy

US President Donald Trump noted that the continuous rise of interest rates produces very negative consequences for the US economy. Emphasizing that he was not criticizing Fed Chair Kevin Warsh, Trump stated that the US should have the lowest interest rate in the world.

Operations in Iran and Election Schedule

To the question posed during the interview about whether Iran would be bombed again after the elections, Trump answered that this was possible. The statements made indicate that the Washington administration keeps the possibility of a new military move on the table after the elections.

Ammunition Capacity and Weapons Debates

Touching upon the debates regarding the US ammunition capacity, Donald Trump argued that the country has too many weapons. Acknowledging that some types of ammunition are of low quality, Trump stated that a significant portion of the existing weapons are strong and effective.

Economic Cost of War and Stockpiles

According to the analysis published by the Congressional Budget Office in September, the cost of the war to the US budget has reached approximately 38 billion dollars. While the clashes put pressure on ammunition stockpiles, gasoline prices have also risen by over 40 percent since the start of the conflict.