Trump calls Powell “Total Loser” after the Fed opposes interest rate cuts
Kevin Hassett, director of the White House National Economic Council, discussed the growth of the US economy in the second quarter of the US economy, and the Federal Reserve will not change in the evening edit.
president Donald Trump On Thursday, he denounced Federal Reserve Chairman Jerome Powell after the central bank changed interest rates on Wednesday despite repeated demands for interest rate cuts.
Trump took him to his true social platform and appointed the Fed chairman in 2017, but blasted Powell, who repeatedly criticized his leadership. Federal Reserve System For years since then.
“Jerome ‘too late’ Powell did it again!!! He’s too late, actually too angry, too stupid, too political, sacrificing trillions of dollars in our country to do the job of a pastor.
On Wednesday, the Fed stabilized benchmark interest rates for its fifth consecutive meeting, citing the impact of tariffs on inflation and consumer prices, as well as uncertainty over the labour market situation.
Chairman Powell In a post-announced press conference, inflation exceeds the Fed’s 2% long-term target, but the labor market is almost fully employed, and central banks are in good position if the economy worsens.
He also said tariffs appear to be pushing inflation data high by increasing consumer prices, but the impact is unknown.
This is a developing story. Please check for updates.