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Trump calls Jerome Powell ‘numbskull,’ says he may ‘force something’ on Fed
UNITED STATES, JUN 15 – Trump calls Fed Chair Powell a 'numbskull' for slow rate cuts but supports future hikes if inflation rises amid inflation above the Fed's 2% target at 2.4%, CME FedWatch shows.
- On June 12, 2025, President Donald Trump criticized Federal Reserve Chair Jerome Powell at the White House, calling him a 'numbskull' and signaling possible pressure on the Fed to lower rates.
- Trump, who appointed Powell in 2018, has repeatedly urged rate cuts amid concerns about rising oil prices and high borrowing costs, though he stated he does not plan to fire Powell.
- The Fed has maintained interest rates between 4.25% and 4.5% since December 2024, adopting a wait-and-see approach given economic uncertainties, including slowing job growth and trade tensions.
- Core CPI inflation stood at 2.8% in May 2025, and average monthly job gains slowed to 127,000 versus 180,000 last year, indicating economic conditions that typically precede rate cuts.
- The Supreme Court recently reaffirmed the Fed's independence from political interference, and Powell's term will expire in May 2026, suggesting continued institutional stability despite political pressure.
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·Johannesburg, South Africa
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Coverage Details
Total News Sources132
Leaning Left10Leaning Right22Center30Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 16%
C 48%
R 36%
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