Trump bashes Jerome Powell on interest rates: ‘Like talking to a wall’
Share and Follow


President Trump bashed Federal Reserve Chair Jerome Powell on Thursday for not listening to his push to cut interest rates, after the central bank once again opted to hold interest rates steady this week.

Trump was asked about Powell after the Fed chair a day before told reporters he has never asked for a meeting with the president and he “never will.”

When asked if he plans to try to meet with Powell, Trump replied, “It’s like talking to a wall.”

That prompted laughter from Commerce Secretary Howard Lutnick and Vice President Vance, who flanked Trump in the Oval Office following an announcement about a trade agreement with the United Kingdom.

“Well the Bank of England cut, China cut, everybody’s cutting but him,” Trump said, referring to Powell bucking calls from him to lower borrowing costs. “We’ll see what happens. It’s a shame. I call him ‘Too Late.’

“‘Too Late Powell,’ that’s his nickname. It’s a shame. It’s ridiculous.”

The president, though, also touted a strong economy and said cutting rates wouldn’t matter much.

“In this case, its not going to mater that much, because our country is so strong; we’re so powerful in terms of economic strength and what we’ve done,” Trump said.

Powell had similarly cited the solid fundamentals in the economy as the reason the central bank can afford to wait to see how new trade, fiscal and regulatory policies will unfold.

The Fed’s interest rate-setting committee left rates at a range of 4.25 percent to 4.5 percent, marking the third hold in a row after pauses during meetings in March and January. The Fed cut rates three times in the back half of 2024.

Trump early Thursday took to social media to call Powell “a FOOL, who doesn’t have a clue” because of the decision to hold rates steady.

Powell, a lifelong Republican, was first nominated as Fed chair in 2017 by Trump and was later reappointed by former President Biden.

Share and Follow
You May Also Like
Virginia Democrats frustrate law enforcement with bill axing prison time for violent crime, expert warns

Virginia’s Proposed Bill to Reduce Prison Time for Violent Crimes Sparks Law Enforcement Concerns

A new legislative proposal by Virginia Democrats has ignited a debate over…
Video shows car suspected in Jacksonville hit-and-run that killed elderly man

Caught on Camera: Car Linked to Fatal Jacksonville Hit-and-Run Involving Elderly Pedestrian

In Jacksonville, Florida, a tragic hit-and-run incident has led authorities on a…
Iran Revolutionary Guard commander says regime has 'finger on the trigger' as US warships head to Middle East

Iranian Revolutionary Guard Commander Asserts Readiness as US Warships Approach Middle East

The leader of Iran’s Revolutionary Guard Corps (IRGC) issued a stark warning…
Denmark's prime minister insists sovereignty is non-negotiable as Trump announces Greenland deal 'framework'

Danish PM Firmly Declares Sovereignty as Trump Proposes Greenland Deal Framework

Danish Prime Minister Mette Frederiksen has firmly stated that Denmark will not…
Russia, Ukraine to discuss territory as Trump says both sides 'want to make a deal'

Russia and Ukraine to Engage in Territorial Discussions Amid Trump’s Claim of Mutual Desire for Resolution

The United States, Russia, and Ukraine have converged in Abu Dhabi, United…
Canadian PM Carney fires back at Trump over claim that 'Canada lives because of the United States'

Canadian PM Carney Responds Strongly to Trump’s Remark on Canada’s Dependence

Canadian Prime Minister Mark Carney has firmly dismissed President Donald Trump’s claim…
Trump reveals to The Post ‘on land’ drug strikes could hit ‘anywhere’ — including Mexico, Central and South America

Trump Discloses to The Post: Potential ‘On-Land’ Drug Strikes Could Target Locations Across Mexico, Central and South America

WASHINGTON — In a bold statement, President Trump announced potential land strikes…
Border Patrol-involved shooting reported in Minneapolis

Breaking News: Minneapolis Incident Involving Border Patrol Sparks Investigation

A shooting involving Border Patrol agents has reportedly occurred in Minneapolis, Minnesota,…