“Too late Powell ‘did it again,” Trump wrote on social networks in a new onslaught for the Fed decision not to lower interest rates.
The President Donald Trump He lashed out on Thursday against the head of the Federal Reserve (Fed), Jerome Powell, By describing it as “stupid” for keeping interest rates unchanged instead of lowering them, after the meeting of the US Central Bank.
“Too late Powell ‘did it again”Trump wrote on his social truth network, using the derogatory nickname that usually directs the Fed president.
When announcing its decision on Wednesday, the Fed indicated that the growth of the United States slowed in the first semester of 2025, but the labor market remains solid, with a low unemployment rate.
However, he indicated that “Uncertainty about the economy panorama remains high”while inflation is also somewhat high.
“We are still far from seeing how things settle,” Powell told Wednesday, at a time when the uncertainty about economic and inflationary perspectives increases by the tariffs Trump will impose since Friday to the United States commercial partners.
Angry, too stupid and too politicized to have the work of president of the Fed, “Trump added in his message.
For months, Trump attacks Powell for his decisions about reference rates, which has fed speculation that the president could fire him or press his resignation before the end of his mandate in May 2026.
“I think having an independent central bank has been an institutional arrangement that has served to the public interest,” Powell defended journalists after the Fed decision.
Source: Ambito
