Trump slams Fed chair and offers solution to banking crises, while Treasury pledges deposit protections after SVB collapse.

Former President Donald Trump criticized Federal Reserve Chairman Jay Powell for being too focused on interest rates and suggested that lowering energy prices would have been a better solution to recent bank failures. Trump also criticized Silicon Valley Bank for investing in long-term Treasuries and called for a reduction in oil prices, which he claimed would have a greater impact on the economy than interest rates. He also offered a one-day solution to the conflict between Russia and Ukraine if elected, but did not disclose it.