Trump slams Jerome Powell after Fed holds rates steady

President Donald Trump Ripped in the chair of the Federal Reserve Jerome Powell Thursday, the caller “destructive”, after the central bank maintained stable interest rates Wednesday.

Trump said “Too late” Powell costs hundreds of billions of dollars in the United States “by not reducing rates, which made a familiar criticism against the Fed chair, which repeatedly ignored Trump’s pressure campaign to reduce rates.

“We should be 2.5 lower points and save billions of dollars on all Biden’s short -term debts,” wrote Thursday Social truth.

Trump also criticized Powell on Wednesday evening, calling him “real model” in a night close to night Post social post.

Powell, whose mandate ends in May 2026, said on Wednesday that “for the moment, we are well placed to wait to find out more about the probable course of the economy before considering any adjustment to our policies.”

Trump’s remarks were in response to the Open Market Federal Committee Keep your loan rate targeted in a range between 4.25% to 4.5%What has been tied with the place where it has been since December.

Critics were not surprising because the president has long criticized Powell so as not to reduce interest rates.

Not more recently than Wednesday morning, a few hours before the Fed was about to publish its decision on interest rates, Trump said: “So we have a stupid person. Frankly, you will probably not cut today. “”

“Europe has had 10 cuts, and we did not have one. And I suppose it is a political guy, I do not know. He is a political guy who is not an intelligent person, but he costs a fortune in the country,” he said outside the White House.

Trump even thought about being named to direct the federal reserve, saying: “I would do a much better work than these people”.

Trump said he intended to announce his choice for the next president of the Federal Reserve “very quickly. “”