๐ฅ Trumps reaction on Powell after no rate cut!
President Donald Trump is now claiming the Federal Reserve Board is working against him. On Thursday, he went after not just Jerome Powell, but the entire board, accusing them of intentionally damaging the US economy and derailing his presidency.
He went on Truth Social as per usual to say:
โToo Late Powell is costing our Country Hundreds of Billions of Dollars. He is truly one of the dumbest, and most destructive, people in Government, and the Fed Board is complicit. We should be 2.5 Points lower, and save $BILLIONS on all of Bidenโs Short Term Debt. We have LOW inflation! TOO LATEโs an American Disgrace!โ
๐ฅ Trump flip-flops on Powell, lies about new chair pick
Even with all the insults, Trump is still dancing around the idea of firing Powell. At one point, he said he would name a new Fed chair โvery soon.โ A few weeks later, he denied ever saying he wanted to remove Powell at all.
