US EditionDonald Trump Tears Into 'Too Angry, Too Stupid' Jerome Powell
WASHINGTON, D.C., JUL 31 – Trump accuses Federal Reserve Chair Jerome Powell of incompetence and corruption, highlighting costly renovations and a 4.33% interest rate, and launches an investigation into the project.
- On Thursday, President Donald Trump criticized Powell after the Fed left rates unchanged on Wednesday, calling him a `total loser` and blaming him for costing the country trillions of dollars.
- Interest rates around 4.33% have drawn persistent calls for cuts from Trump, who has repeatedly urged Powell to lower rates and floated replacing him.
- The Commerce Department reported consumer prices rose 2.8% in June, with core PCE increasing from 2.7% to 2.8%.
- Instead of firing him, Trump launched an investigation into Powell over renovations at the Federal Reserve headquarters in Washington, D.C., amid legal and political pushback.
- Federal Reserve policymakers are on pause until mid-September, so any move to 1% risks undoing years of stabilization.
21 Articles
21 Articles
Furious of the US Federal Reserve's maintenance of policy rates, Donald Trump violently attacked his president, Jerome Powell, on Truth Social. Insults, mocking nicknames, accusations of corruption: the tone has gone a step further between the two men.
“He’s a Political Hack. He’s not a Smart Guy” - Trump SLAMS Jerome Powell for Sabotaging him with High Interest Rates: "Biden Only Extended Him Because He Knew I Couldn't Stand Him"
President Trump slammed Fed Chair Jerome Powell on Thursday, calling him a “political hack” and questioning his intelligence, after he refused to cut interest rates for the fifth time since December on Wednesday. On the same day that Powell and the Federal Open Market Committee (FOMC) refused to cut rates, new GDP data came out showing 3% growth, which President Trump hailed as “WAY BETTER THAN EXPECTED.” Still, despite this growth, along with …
Trump blasts ‘Too Late’ Powell
President Donald Trump resumed his criticism of Federal Reserve Chair Jerome Powell after the central bank declined to cut interest rates, ending a short-lived détente. “Jerome ‘Too Late’ Powell has done it again!!! He is TOO LATE, and actually, TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job of Fed Chair,” Trump wrote on his social media platform Thursday, assailing the bank for holding rates steady yet again. And Trump hammered Powell …
New report shows U.S. inflation ticking up with Trump trade deal deadline looming
A new report shows inflation ticking up as President Trump's trade deal deadline for tomorrow looms. Trump continues to attack Federal Reserve Chair Jerome Powell as the Fed decided to keep interest rates unchanged. President of the Committee for a Responsible Federal Budget Maya MacGuineas joins Ana Cabrera to provide more insight.
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