US EditionFed Keeps Rates Unchanged as Trump Insults Powell Again
- Federal Reserve Chair Jerome Powell held a press conference on June 18, 2025, after the Fed kept interest rates steady at 4.25%-4.5%.
- The Fed maintained rates due to inflation remaining above 2% and uncertainty from tariff policies impacting economic activity.
- President Donald Trump sharply criticized Powell via Truth Social and in public statements, calling him a "real dummy" and blaming him for economic costs.
- Trump stated that interest rates should be reduced by 2.5 percentage points to save billions of dollars on Biden’s short-term debt, and mentioned that he plans to soon reveal his choice for Federal Reserve chair.
- The Federal Reserve's cautious approach contrasts with Europe's rate cuts, fueling political dispute and suggesting continued vigilance over potential inflation risks.
23 Articles
23 Articles
Fed up: Trump thinks he can do a better job running the nation's bank
Despite all evidence to the contrary, President Donald Trump remains convinced he is the smartest guy in the room. So why not just let him be the chair of the Federal Reserve? Surely nothing could ...
Summers Sees Trump Naming ‘Respected’ Replacement for Powell
Former Treasury Secretary Lawrence Summers said he expects Donald Trump to name a mainstream candidate to replace Federal Reserve Chair Jerome Powell, despite the president’s bashing of the US central bank leader for failing to cut interest rates this year.
Trump Rages At Fed Chair Over Rates: ‘Hundreds Of Billions Wasted’
President Donald Trump launched another scathing attack on Federal Reserve Chair Jerome Powell on Truth Social Thursday, blaming him for costing the U.S. “hundreds of billions of dollars” by not cutting interest rates. “‘Too Late’ Jerome Powell is… one of the dumbest, and most destructive, people in Government,” Trump wrote, accusing the Fed of inaction while Europe has already made 10 rate cuts. He argued U.S. rates should be 2.5 percentage poi…
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