US EditionTrump 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 held interest rates steady on Wednesday at 4.25%-4.5%.
- Trump criticized the decision because he repeatedly urged the Fed to cut rates to stimulate economic growth amid ongoing trade uncertainties.
- The Federal Reserve chose to keep interest rates steady for the third meeting in a row after reducing rates multiple times in the latter half of 2024, citing persistent inflation above its 2% goal and economic uncertainties stemming from tariffs and slower growth.
- Trump stated on Truth Social that Powell is a fool and claimed inflation is virtually nonexistent, while Powell said the Fed will act based on economic data alone.
- Powell’s patient stance suggests the central bank will monitor economic developments before changing policy, indicating potential risks for inflation and employment remain.
113 Articles
113 Articles
The US Dollar’s Fall from Grace - Project Syndicate
Despite his stated commitment to maintaining the dollar’s global dominance, US President Donald Trump is actively undermining the value of – and confidence in – the greenback. This does not bode well for the “exorbitant privilege” that the dollar’s status as the main international reserve currency has long bestowed on the US, though it does create space for possible replacements.
Trump lobbies 'Too Late Powell' to cut interest rates
President Donald Trump on Tuesday brought back his criticism of the Federal Reserve's leadership for not cutting interest rates amid its concerns about inflation, which remains above the central bank's target range.Trump criticized Fed Chair Jerome Powell in a Truth Social post, arguing that he's behind the curve in lowering interest rates when compared with America's peers."No Inflation, and Prices of Gasoline, Energy, Groceries, and practicall…
Trump does not give up on the Fed: he calls again for interest rates to fall after inflation falls
U.S. President Donald Trump urged Federal Reserve President Jerome Powell on Tuesday to reduce interest rates, pointing out that "it is not fair" not to do so when the latest indicators have shown a drop in inflation."There is no inflation and the prices of gasoline, energy, food and practically everything else have gone down! The Fed must lower rates, as Europe and China have done. What is wrong with Tardón Powell? Isn't it fair for the U.S., w…
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