Trump Lobs Criticism at Fed Chair Powell for Refusal to Lower Interest Rates
Unaltered Rate by US Federal Reserve - President Trump slams Fed Chair Powell as 'unintelligent' - Federal Reserve maintains interest rates steady – Trump labels Powell as "unintelligent"
Here's the skinny: President Trump's been sending some harsh words for Fed Chair Powell, blaming him for not bending to his will and keeping interest rates high. Trump's been grumbling about Powell's monetary policy decisions, especially the Fed's refusal to lower rates, which he thinks would make economic growth stronger.
Trump's been publicly lambasting Powell, calling him everything from a "dumb fool" to a "total and complete moron." He's even floated the idea of firing the Fed chair if he doesn't get the rate cuts he's asking for.
Y'see, the Federal Reserve System has kept interest rates steady in a range of 4.25% to 4.5%. Trump believes that lower rates would encourage more investment and major economic growth. But the Fed's been hanging tough, saying economic growth's doing just fine as is, and they don't want to risk ramping up inflation.
The tension between Trump and Powell has been heating up for a while now, with Trump even questioning the independence of the central bank. But so far, Powell's stayed put, standing firm against Trump's pressure to bend to his wishes.
- Donald Trump
- Jerome Powell
- Federal Reserve System
- Interest Rate
- U.S. President
- U.S. Central Bank
- Washington
(Note: The Federal Reserve has been holding its ground against Trump's calls to lower interest rates, insisting that the economy's doing just fine. Trump keeps demanding rate cuts to boost economic growth, but the Fed fears it could lead to inflation. Trump's calls for Powell's head have been a source of ongoing tension, with the Fed Chair refusing to bow to political pressure.)
- Amid mounting tensions, President Donald Trump continues to criticize Jerome Powell, the head of the U.S. Federal Reserve, for persistently refusing to lower interest rates, hoping to accelerate economic growth.
- The ongoing dispute between Trump and Powell concerning interest rate policies has been a hot topic in finance, business, politics, and general-news, with Trump labeling Powell as "stupid" and suggesting his potential dismissal.
