Trump calls Fed Chair Jerome Powell a ‘fool’ after central bank keeps rates steady
- President Donald Trump called Federal Reserve Chair Jerome Powell a 'fool' after the Fed kept interest rates steady on May 7, 2025.
- Trump's criticism followed Powell's decision to hold the benchmark rate at 4.25% to 4.5% despite pressure from the White House to cut rates.
- Powell emphasized independence, stating he never asks or meets with presidents and that Trump does not affect their job decisions.
- Trump claimed that inflation is virtually nonexistent with prices of oil, energy, groceries, and eggs declining, while 'tariff money is pouring into the U.S.'.
- The dispute highlights ongoing tensions between the Fed and the White House, with implications for U.S. Monetary policy and political relations.
69 Articles
69 Articles
Trump bashes Jerome Powell on interest rates: ‘Like talking to a wall’
President Trump bashed Federal Reserve Chair Jerome Powell on Thursday for not listening to his push to cut interest rates, after the central bank once again opted to hold interest rates steady this week. Trump was asked about Powell after the Fed chair a day before told reporters he has never asked for a meeting with…
"Too Late" Powell Is A Fool But I Like Him Very Much: Trump
President Donald Trump called Federal Reserve Chair Jerome Powell a “fool” after the Fed left interest rates unchanged. Trump posted on Truth Social, "'Too Late' Jerome Powell is a FOOL, who doesn't have a clue," despite adding, “Other than that, I like him very much!” The Fed on Wednesday held the benchmark rate steady at 4.25% to 4.5%, citing risks of both higher inflation and unemployment. Powell defended the decision, saying the central bank…
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