🇺🇸 Former President Donald Trump has once again slammed Federal Reserve Chair Jerome Powell, calling him a "real dummy who's costing America billions." The criticism came after the Fed decided to keep interest rates steady at 4.25–4.50%, despite market expectations of a rate cut. Trump argued that Powell’s “stupidity” is causing unnecessary financial burden on the country. He claimed that lower interest rates could save America hundreds of billions annually. Trump has long accused Powell of holding back economic growth and even joked about appointing himself as Fed Chair when Powell’s term ends in 2026. The remarks have sparked fresh debates over the Fed’s independence and the politicization of monetary policy.
