O’Leary warns of hyperinflation if Trump sets interest rates

Photo: President Donald Trump speaks to Fed Chair Jerome Powell during a tour of the Federal Reserve in Washington, D.C., Thursday, July 24, 2025. Photo credit: Official White House photo by Daniel Torok via Flickr. US government work. Article by Ashleigh Fields. The Hill – August 28, 2025.

“Shark Tank” investor Kevin O’Leary on Thursday warned President Trump against setting interest rates after the president threatened to replace the Federal Reserve chair for refusing to lower rates. “The reason we don’t have hyperinflation like Venezuela is we have a Fed. If you allow the ‘el presidente’ to set interest rates, you end up with bread costing $1,000 more every day,” O’Leary said during a Thursday appearance on Fox Business. […]

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