US Edition
Unelected Officials 'Complicit' in Costing Taxpayers Billions, Trump Says
UNITED STATES, JUN 19 – Trump accuses Fed Chair Jerome Powell of causing billions in losses by keeping rates steady despite calls for cuts to support economic growth amid tariff pressures.
- The US Federal Reserve decided on Wednesday, June 19, to keep interest rates unchanged at 4.25-4.50 percent, maintaining the current borrowing range since December.
- This decision occurred as President Donald Trump continued to sharply criticize Fed Chair Jerome Powell for maintaining interest rates, which Trump claims has resulted in substantial financial harm to the nation.
- Trump publicly called Powell a 'real dummy' and 'the worst,' claiming Europe had cut rates ten times while the US had made no reductions, and demanded immediate rate cuts or Powell's resignation.
- Trump posted on Truth Social that Powell is 'costing the country hundreds of billions of dollars' and described the Federal Reserve Board as 'complicit' in harming the economy by delaying cuts.
- This ongoing dispute underscores tension between Trump and the Federal Reserve, with Trump focusing on economic policy in his 2024 campaign and opposing Powell’s approach.
41 Articles
41 Articles
US President Trump slams Fed Chair Powell as 'destructive,’ says rate decision costing billions
In a post on Truth Social, Trump wrote: "Too Late” Jerome 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. Europe has had 10 cuts, we have had none. We should be 2.5 points lower, and save billions on all of Biden’s short-term debt. We have low inflation! TOO LATE’s an American Disgrace!”
‘Dumbest’: Donald Trump alleges Jerome Powell costing US hundreds of billions as Fed keeps rates steady
In a series of posts on Truth Social after the Fed's decision of not cutting interest rates once more, Trump called the central bank boss “Too Late Jerome Powell”, labelling him as an ‘American Disgrace’.
Trump Again Trashes Fed Chair Powell, Calls Him a ‘Dummy’
WASHINGTON – President Donald Trump launched a fresh attack on Federal Reserve Chairman Jerome Powell Thursday morning, calling him a “real dummy” and “the worst,” while demanding immediate action to lower interest rates. Posting on Truth Social, Trump wrote: “Too Late—Powell is the WORST. A real dummy, who’s costing America $Billions!” The remarks followed the […]
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