'A Real Dummy': Trump Slams Jerome Powell Over Fed Interest Rate Call
HuffPost
The president suggested he should nominate himself to lead the U.S. central bank.
President Donald Trump late Wednesday slammed Federal Reserve Chair Jerome Powell over the U.S. central bank’s decision to keep interest rates unchanged, calling him “a real dummy.”
In a post on his Truth Social platform, Trump directed his ire at Powell, claiming that the Fed’s latest decision to keep its benchmark rate at its current charge of 4.25% to 4.5% will hurt the American economy.
“Too Late—Powell is the WORST,” Trump wrote on Truth Social. “A real dummy, who’s costing America $Billions!”
Earlier on Wednesday, Trump told reporters he would like to see interest rates drop by at least two percentage points, suggesting that he should perhaps put himself in charge of leading the Fed.
“He’s not a smart person,” Trump said of Powell. “I think he hates me, but that’s OK, you know, he should. He should. I call him every name in the book trying to get him to do something.”
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