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
Lorinda de Roulet, baseball pioneer and former Mets president, dead at 95

Remembering Lorinda de Roulet: Trailblazing Former Mets President Passes Away at 95

Lorinda de Roulet, who broke new ground as the first woman to…
Suspicious package sickens several at Joint Base Andrews, home to Air Force One

Suspicious Package Incident at Joint Base Andrews Leads to Multiple Illnesses

A spokesperson from Joint Base Andrews reported that several individuals fell ill…
Oklahoma teen avoids prison time despite rape convictions

Outrage Ensues as Convicted Teen Rapist Avoids Prison Sentence

Editor’s Note: This article discusses sensitive topics related to child abuse that…
Target these tights ends at thin position in fantasy football

Top Tight End Picks for Fantasy Football Success

Gambling content 21+. The New York Post may receive an affiliate commission…
Disney's lavish addition to its new cruise ship sparks fierce debate

Disney’s Opulent Addition to New Cruise Ship Ignites Intense Debate

For years, Disney has been commended for its creative use of cutting-edge…
Photos reveal dolphins injured during a ride from one Florida attraction to another

Shocking Photos Show Dolphins Harmed During Transport Between Florida Attractions

A dolphin researcher is using photographs as crucial evidence in advocating for…
Senate readies key vote on new approach to end shutdown

Senate Prepares Crucial Vote to Resolve Government Shutdown

Today, the Senate is poised to take a vote on a measure…
Stream It Or Skip It?

Must-Watch or Pass? Find Out What to Stream Next!

We’re diving back into the captivating world of James Beaufort and Ruby…