US Federal Reserve Chair Jerome Powell will attend a press conference, following the Federal Open Market Committee’s Washington, DC, after issuing interest rates on June 18, 2025.
Kevin Mohat | Reiters
President Donald Trump Federal Reserve slipped to the chair Jerome Powell Thursday, the central bank later called him “destructive” Interest rates are stable Wednesday.
Trump said the “too late” Powell was spent on the United States, which costs the United States “hundreds of billions”, by demolishing familiar criticisms against the Fed chair, which has repeatedly ignored his pressure campaign to cut rates, without cutting rates.
“We must be as low as 2.5 points and save $ billion in all short -term debt of Biden,” Trump wrote on Thursday Truthful.
Trump criticized Powell late on Wednesday, calling him “real dummy” nearest night Truth is a social post.
Powell, which ends in May 2026, said, “At present, we are in a better position to wait for our policies to learn more about the course of the economy before considering any adjustments.”
Trump’s statements are responding to the Federal Free Market Committee Its borrowing rate is targeted in a range between 4.25%-4.5%This is equivalent to where it has been since December.
Critics are not surprising, because the president has long blamed Powell for not lowering interest rates.
On Wednesday morning, when the Fed was preparing to release his decision on interest rates on interest rates, Trump said: “So we have a foolish person. Frankly, you probably don’t cut today. “
“Europe had 10 cuts, and we had none of us. And he is a political person. I am es that I don’t know. He is a political person is not a brisk person, but he is spending good luck on the country,” he said outside the White House.
Trump also said, “I will do a better job than these people,” he said about hiring himself to lead the Federal Reserve.
Trump has said that it intends to announce their choice for the next chair of the Federal Reserve ”Soon. “
