🇺🇸 PRESIDENT TRUMP SLAMS FED CHAIR JEROME POWELL, CALLS HIM “STUPID” AND CLAIMS HE “PROBABLY WON’T CUT” INTEREST RATES AFTER TODAY’S FED MEETING
Former U.S. President Donald Trump has launched a strong attack against Federal Reserve Chairman Jerome Powell, calling him “stupid” and stating that Powell “probably won’t cut” interest rates following the Federal Open Market Committee (FOMC) meeting taking place today.
📉 According to Trump:
• U.S. interest rates should have been lowered by at least 2 percentage points to better support the economy.
• He complained that Europe has already cut rates 10 times, while the Fed has yet to act.
• Trump accused Powell of being politically driven and blamed him for causing America to lose a lot of money.
📌 Trump further emphasized:
• “High interest rates are strangling American consumers and businesses.”
• He alleged that Powell is intentionally hurting the economy in order to undermine his re-election campaign.
• Trump also warned that the Fed is lagging behind other central banks, many of which have already begun easing monetary policy to support economic growth.
🔍 Context:
Today’s Fed meeting comes at a critical time, as global central banks diverge in their approaches. Markets are pricing in at least one rate cut by the Fed later this year, but the path remains uncertain as inflation remains persistent. Trump’s statement adds fuel to the ongoing debate over whether monetary policy is being influenced by politics in this crucial election year.
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