President Donald Trump has publicly criticized Federal Reserve Chair Jerome Powell following the Fed's decision to maintain interest rates. Trump described Powell as "too late," "stubborn," and "stupid" for refusing to cut rates amid economic concerns. He reiterated his call for the Federal Reserve to lower interest rates immediately, emphasizing that the current approach is insufficient. The criticism comes as revised payroll data showed a decrease of 258,000 jobs, which has increased the odds of a rate cut in September to 67%. Trump also praised tariff revenue, linking it to his broader economic stance. This marks a growing dissent from the President toward the Federal Reserve's monetary policy under Powell's leadership.
💲Economía | Trump arremete contra Powell tras decisión de la Fed El mandatario estadounidense calificó de “estúpido” al Presidente del banco central por mantener sin cambios las tasas de interés. 🇺🇸 https://t.co/VIsF9tzhZS
Donald Trump arremetió contra Jerome Powell, luego de que los funcionarios de la Fed mantuvieran sin cambios las tasas de interés 💥 ➡️ https://t.co/vlS323IlOB https://t.co/6gk5wX8yWm
[TRUTH SOCIAL] Trump Slams Fed Chair Powell as “Too Late”, Demands Immediate Rate Cut and Praises Tariff Revenue https://t.co/isJzMzsUh0