And once they have that hold, we're not going to be able to get it back. So I'm honored to have done it. Finally, I've instructed government backed institutions to purchase up to $200 billion in mortgage bonds to bring down interest rates. And I'll be announcing a new Fed chairman in the not too distant future. I think he'll do a very good job. See, I gave away some of it. (52:39–52:48)
CLAIM
Claims to have directed government-backed institutions to buy $200 billion in mortgage bonds to lower interest rates.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
