#Trump #PowellRemarks #GENIUSActPass #FOMCMeeting #IfYouAreNewToBinance
President Donald Trump has been vocally critical of Federal Reserve Chairman Jerome Powell, particularly regarding the Fed's recent decision to maintain interest rates. Trump has labeled Powell as "stupid" and "one of the dumbest and most destructive people in government," accusing him of costing the U.S. economy hundreds of billions of dollars by not implementing rate cuts . He also referred to Powell as "Too Late Jerome Powell" and an "American Disgrace" .youtube.com+3thedailybeast.com+3timesofindia.indiatimes.com+3yahoo.com+2livemint.com+2timesofindia.indiatimes.com+2
Despite appointing Powell in 2017, Trump has expressed regret over the decision and confirmed he will not reappoint him when Powell's term ends in May 2026 . Trump's criticism intensified following the Fed's decision to keep interest rates unchanged at 4.25%–4.5%, a move Powell justified by citing economic uncertainties and the impact of recent tariffs .nypost.comnypost.com+3livemint.com+3thedailybeast.com+3
In response, Powell has maintained that the Fed's data-driven approach is essential for long-term economic stability, emphasizing its independence from political pressures .wsj.com