Trump said when asked about Federal Reserve Chairman Powell: He is a stupid person, a stubborn mule.

Trump stated that he believes the Federal Reserve should set interest rates at 1%.

He also mentioned that he would not consider anyone who supports keeping interest rates unchanged to serve as Federal Reserve Chairman.

"Whoever takes office will lower interest rates." Regarding Powell's successor: "I will appoint someone who wants to lower interest rates."

Powell's term ends in May 2026.