Trump blasts Powell after Fed votes to keep interest rates steady
Share and Follow


(The Hill) – President Trump on Thursday blasted Federal Reserve Chair Jerome Powell, lodging insults at the head of the central bank for opting again to not lower interest rates.

“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 in a post on Truth Social.

“He is costing our Country TRILLIONS OF DOLLARS, in addition to one of the most incompetent, or corrupt, renovations of a building(s) in the history of construction! Put another way, ‘Too Late’ is a TOTAL LOSER, and our Country is paying the price!” the president added.

The nation’s central bank on Wednesday kept short-term interest rates at a level of 4.25 percent to 4.5 percent. The vote saw the first double dissent from Fed board officials in more than 30 years when Vice Chair of Supervision Michelle Bowman and board Gov. Christopher Waller — who are both in the running for Trump’s nomination to replace Powell when his term is up in May — voted to lower them.

  • Trump blasts Powell after Fed votes to keep interest rates steady
  • Antipsychotic meds, suicide note found in NYC mass shooter’s apartment
  • Tampa candle-making company gives back to local children

Trump’s insults on Thursday come after a fairly cordial meeting he had with Powell at the Federal Reserve headquarters last week to review the building’s renovation.

The Fed chair on Wednesday spoke highly of Trump’s visit, saying it was an “honor” to host the president and just after the visit, Trump said there was no tension between him and the chair.

The president predicted the Fed “probably won’t” lower rates earlier Wednesday, adding at the time, “I hear they’re going to do it in September, not today. For what reason? Nobody knows.”

He also said that there’s “a lot of money coming in” and “no inflation” so rates should be lower.

The latest rate announcement came just days before Trump’s Aug. 1 tariff deadline. Powell has credited uncertainty around the president’s trade agenda and the volatility of markets as a reason to hold interest rates steady.

Share and Follow
You May Also Like

Students Return to School in Bulloch County

BULLOCH COUNTY, Ga. () — More than 11,000 Bulloch County students went…

Wrigley Field Set to Host the 2027 MLB All-Star Game as Chicago Cubs Welcomes the Event

CHICAGO — The Chicago Cubs will host the 2027 MLB All-Star Game…

SpaceX Crew-11 Mission Successfully Launches to the International Space Station

(NEXSTAR) – The latest mission on NASA’s Commercial Crew Program successfully launched…

Williamsville Alumni Rejoin Forces on UIS Baseball Team

WILLIAMSVILLE, Ill. (WCIA) — America’s pastime is about more than wins and…

Republicans Aim to Redraw Texas Electoral Maps, Prompting Democratic Opposition

AUSTIN, Texas – Democratic lawmakers tried to build a case Friday that…

Glenville’s Sharpe Finally Inducted into Hall of Fame

GLENVILLE, Ga. () — In his 26th season of eligibility, 31 years…

Concerns About Military Helicopter Routes and FAA Staffing Levels Arise in Midair Crash Investigation

(AP) — Long-standing concerns about military helicopters flying in crowded airspace and…

Pinellas Park animal rescue seeks donations after AC unit goes out in dog shed

PINELLAS PARK, Fla. (WFLA) — A Tampa Bay area animal rescue lost…