The US Federal Reserve Chair, Jerome Powell, attends a press conference on Washington, DC, US, 18 June, 2025 after the issue of the Federal Open Market Committee’s statement on the interest rate policy.
Kevin Mohat | Roots
chairman Donald Trump Federal reserved in the chair Zerome poly On Thursday, after the central bank, calling it “disastrous” Keep interest rates stable On Wednesday.
Trump stated that “too late” Powell United States costs “hundreds of billions of dollars” are not cutting rates, leveling a familiar criticism against the fed chair, who has repeatedly ignored Trump’s pressure campaign to cut rates.
Trump wrote on Thursday, “We should lower 2.5 points, and $ Arabs should be saved on all short -term loans of Biden.” True social,
Trump criticized Powell late on Wednesday night, called him “real dummy” in a near midnight Truth social post,
Powell, whose word ends in May of 2026, said on Wednesday, “For some time, we are well deployed to wait to learn more about the possible course of the economy before considering any adjustment in our policies.”
Trump’s comment was in response to the federal open market committee Keeping its lending rate targeted in the range between 4.25%-4.5%Which has been included on where it has been since December.
The criticisms were not surprising, as the President has long slammed Pavel to not reduce interest rates.
As recently on Wednesday morning, the Fed was scheduled to issue its decision on interest rates, Trump said: “So we have a foolish person. Frankly, you might not be cut today,
He said, “There were 10 cuts in Europe, and we had no one. And I think he is a political man, I do not know. He is a political person who is not a smart person, but he is giving the country a fortune,” he said outside the White House.
Trump also said about appointing himself to lead the Federal Reserve, “I will do much better than these people.”
Trump has said that he intends to announce his pick for the next chair of Federal Reserve “Very soon,
