US EditionTrump calls Fed Chair Powell an ‘average mentally person’ and says he’s working on replacements
UNITED STATES, JUN 25 – President Trump plans to name a successor to Fed Chair Jerome Powell, seeking candidates aligned with his push for faster interest rate cuts amid ongoing economic tensions.
- President Donald Trump has criticized Federal Reserve Chairman Jerome Powell, calling him an 'average mentally person' and suggesting he is looking for replacements such as Kevin Warsh.
- Trump's frustration stems from Powell's refusal to cut interest rates, which Trump believes would benefit the economy.
- Jerome Powell has maintained that it is too early to lower interest rates due to potential inflation from Trump's tariff plans.
- Economists have warned that Trump's push for immediate rate cuts could lead to negative economic consequences, contrary to Powell's caution.
Insights by Ground AI
Does this summary seem wrong?
Podcasts & Opinions
93 Articles
93 Articles
"Dumm", "terrible", "incompetent" - US President Trump overlays head of the bank Powell with insults. Will he soon announce a successor to him for the head of the Federal Reserve? By Angela Göpfert.
·Hamburg, Germany
Read Full ArticleCoverage Details
Total News Sources93
Leaning Left12Leaning Right15Center26Last UpdatedBias Distribution49% Center
Bias Distribution
- 49% of the sources are Center
49% Center
L 23%
C 49%
R 28%
Factuality
To view factuality data please Upgrade to Premium
