Trump criticized Powell, who did not lower interest rates.

"Mr. 'Too Late' Jerome Powell is costing our country hundreds of billions of dollars.

Truly one of the most stupid and destructive people in the government.

And the Fed Board is an accomplice in this. Europe has lowered interest rates 10 times, we haven't done one yet.

Our interest rates should be 2.5 points lower right now, and we could have saved billions on Biden's short-term debt.

Our inflation is low! But Mr. TOO LATE, this is an American disgrace!"