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
Priest catches suspect breaking into church ‘poor box’ days before Christmas, police say

Heroic Priest Foils Christmas Heist: Suspect Caught Red-Handed Attempting Church ‘Poor Box’ Break-In

On Tuesday, officials revealed that a priest thwarted an attempted theft at…
ISIS exploiting Syria’s chaos as US strikes expose growing threat

ISIS Seizes Opportunity Amid Syrian Turmoil as US Airstrikes Highlight Rising Danger

In a significant development, U.S. and allied forces have successfully neutralized nearly…
40-year Harvard professor pens scathing piece on school's 'exclusion of white males,' anti-Western trends

Harvard Professor of 40 Years Critiques University’s Anti-Western Bias and Alleged White Male Discrimination

A veteran history professor who once graced the halls of Harvard University…
Russia says Ukraine peace talks 'proceeding constructively,' as Kremlin launches deadly strike on Odesa

Debunking the Kremlin: Why the Putin Residence Drone Attack Claims Don’t Hold Up

Russia’s accusations that Ukraine attempted to strike a residence used by President…
House price crash warning as No2 homebuilder forced into drastic act

Major Homebuilder Takes Drastic Measures Amid Looming Housing Market Decline

The U.S. housing market is showing signs of a potential downturn, with…
Three hikers found dead on mountain with winds preventing recovery

Tragic Discovery: Extreme Winds Hamper Recovery of Three Deceased Hikers on Mountain

In a tragic incident on a California mountain, three individuals lost their…
All child care payments to Minnesota are FROZEN amid daycare scandal

Minnesota Halts Child Care Payments Following Daycare Scandal Investigation

The federal government has halted all child care payments to Minnesota amidst…
Ex-police officer given prison time in case prosecuted under Soros DA sees conviction overturned a year later

Former Officer’s Conviction Reversed One Year After Soros-Backed DA Secures Sentence

The 7th Court of Appeals in Texas has overturned the conviction of…