Trump Increases His Personal Attacks on Fed Chairman 'Stubborn Donkey and Stupid'

WASHINGTON – President Donald Trump has again increased his personal attacks on Federal Reserve (The Fed) Chairman Jerome Powell. At a campaign rally in Ohio on Friday night, Trump called the head of the US central bank a "stubborn donkey and stupid person."

The new insults are an escalation of his comments on Wednesday, in which he "simply" called Powell a "very stupid person." The increasingly harsh verbal attacks show Trump's mounting frustration because the Fed under Powell's leadership has not cut interest rates.

"We have a man at the Fed who is a stubborn donkey and stupid person. He just doesn't get it," Trump told his supporters.

Trump's war of words is seen as an ongoing effort to pressure and delegitimize the Fed's independence. Analysts worry that the continued attacks on the head of the central bank could erode market confidence in an institution that is a pillar of stability for the United States and global economy.

Meanwhile, Jerome Powell, after his testimony before Congress this week, remained firm in his stance that the Fed will make decisions based on economic data, not political pressure.#PowellSpeech #TRUMP $BTC