US EditionUnelected Officials 'Complicit' in Costing Taxpayers Billions, Trump Says
- On June 19, 2025, President Donald Trump renewed his criticism of Federal Reserve Chair Jerome Powell outside the White House after the Fed held interest rates steady.
- Trump's attacks followed the Federal Open Market Committee's decision to keep the borrowing rate at 4.25-4.50 percent, the same level since December, despite calls for cuts.
- Trump described Powell as a "real dummy" and "the worst," blaming him for costing the U.S. hundreds of billions by delaying rate cuts, while highlighting Europe's ten rate reductions.
- Trump criticized Powell on Truth Social, describing him as one of the most harmful and least competent officials in government, and called on him to either reduce interest rates or step down without delay.
- These remarks underline ongoing tensions between Trump and the Federal Reserve and suggest a continued push for rate reductions ahead of Powell's term expiration in about nine months.
39 Articles
39 Articles
US President Trump slams Fed Chair Powell as 'destructive,’ says rate decision costing billions
In a post on Truth Social, Trump wrote: "Too Late” Jerome Powell is costing our country hundreds of billions of dollars. He is truly one of the dumbest, and most destructive, people in government, and the Fed Board is complicit. Europe has had 10 cuts, we have had none. We should be 2.5 points lower, and save billions on all of Biden’s short-term debt. We have low inflation! TOO LATE’s an American Disgrace!”
‘Dumbest’: Donald Trump alleges Jerome Powell costing US hundreds of billions as Fed keeps rates steady
In a series of posts on Truth Social after the Fed's decision of not cutting interest rates once more, Trump called the central bank boss “Too Late Jerome Powell”, labelling him as an ‘American Disgrace’.
Trump Again Trashes Fed Chair Powell, Calls Him a ‘Dummy’
WASHINGTON – President Donald Trump launched a fresh attack on Federal Reserve Chairman Jerome Powell Thursday morning, calling him a “real dummy” and “the worst,” while demanding immediate action to lower interest rates. Posting on Truth Social, Trump wrote: “Too Late—Powell is the WORST. A real dummy, who’s costing America $Billions!” The remarks followed the […]
Trump: ‘Real Dummy’ Fed Chair Powell ‘the Worst’
President Donald Trump continued his criticism of “real dummy” Jerome Powell by sharing an article about a federal regulator calling for the Federal Reserve chair to lower interest rates or resign. Trump used his social media platform late Wednesday night to comment while sharing a story on Fannie Mae’s and Freddie Mac’s regulator, Federal Housing Finance Agency (FHFA) Director William Pulte, offering his opinion about Powell. “Too Late—Powell i…
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