Trump says Fed Chair Powell ‘costing America billions’; slams him for not cutting rates
US president Trump criticised Federal Reserve Chairman Jerome Powell for not cutting interest rates, labeling him a "real dummy" and blaming him for economic harm. This came after the Fed decided to hold steady, citing a need to monitor inflation and the impact of new tariffs. The Fed also revised its economic outlook, lowering growth forecasts and raising inflation expectations.
US president Trump criticised Federal Reserve Chairman Jerome Powell for not cutting interest rates, labeling him a "real dummy" and blaming him for economic harm. This came after the Fed decided to hold steady, citing a need to monitor inflation and the impact of new tariffs. The Fed also revised its economic outlook, lowering growth forecasts and raising inflation expectations.
