Donald Trump has harshly criticized the latest report from Jerome Powell and the Federal Reserve's decision to keep interest rates between 4.25% and 4.5%. According to Trump, Powell is a "real dummy" or "stupid person," blaming him for the economy losing "billions" for not lowering interest rates. On Truth Social, he also blames him for "costing a fortune to our nation" and even speculated about the idea of self-appointing to lead the Fed. Furthermore, he demands drastic cuts of up to two percentage points, negatively comparing it to Europe's monetary policy. Thus, Trump intensifies political pressure, emphasizing that he will not renew Powell when his term ends in May 2026.

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