US Edition
Trump calls Jerome Powell ‘numbskull,’ says he may ‘force something’ on Fed
- On Thursday, President Donald Trump called Federal Reserve Chair Jerome Powell a 'numbskull' and threatened to 'force something' to lower interest rates.
- Trump appointed Powell in 2017 but openly criticized him for refusing to cut rates despite inflation slowdowns and pressured the Fed amid tariff-related uncertainty.
- The Fed raised rates to a 23-year high in 2023, then lowered them gradually from September to December 2024, maintaining a cautious stance to monitor economic impacts.
- May's core Consumer Price Index inflation was 2.8%, while monthly job growth slowed to 127,000 in early 2025 from 180,000 last year, signaling a potential easing environment.
- Trump's demands for aggressive rate cuts contrast with Fed caution, and recent global oil price spikes raise inflation risks, complicating prospects for immediate policy easing.
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U.S. President Donald Trump called Federal Reserve (Fed) leader Jerome Powell “imbecile” for not bowing to his demand for interest rate cuts, while warning that he could try to “force something” for the issuing institute to reduce them. “We’re going to spend $600,000 [518.244 million] a year because of an asshole sitting there saying “I don’t see enough reason to cut the rates.” He may have to force something,” Trump said on Thursday, June 12, i…
US President Donald Trump has hit him hard on Federal Reserve President Jerome Powell, who called him "the dry cap", intensifying US central bank pressure to reduce reference profit, transmit CNBC....
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Total News Sources32
Leaning Left7Leaning Right6Center6Last UpdatedBias Distribution37% Left
Bias Distribution
- 37% of the sources lean Left
37% Left
L 37%
C 32%
R 32%
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