On Thursday, Donald Trump called the Federal Reserve chairman one of the “most devastating” people in the US government costs billions of dollars.
In a series of contributions on social truth after the Fed’s decision that it does not reduce interest rates again, Trump called the head of the central bank “too late Jerome Powell” and described it as “American shame”.
“Too late” Jerome Powell costs our country hundreds of billions of dollars. He is indeed one of the stupidest and most devastating people in the government and Fed Board is involved. Europe had 10 cuts, we had none, ”he said.
“We should be 2.5 points lower and save $ billion for all short -term biden debts. We have low inflation! Too late is American shame!” Added Trump.
In accordance with the market expectation, the US Federal Reserve on Wednesday decided to maintain federal funds unchanged to 4.25-4.50 %.
Donald Trump calls Jerome Powell “Dummy”
Shortly before the decision of Fed Donald Trump, Jerome Powell claimed US billions of dollars and called him the “worst”.
“Too late – Powell is the worst. Real dummy costs $ billions!” said.
Trump talked to reporters in the White House and said that a man he had put into a role in the last term of office.
He also thought about being named to lead the US central bank, based on his dissatisfaction with Powell.
“Maybe I should go to Fed,” Trump said. “I am allowed to name myself in the Fed? I would do a much better job than these people.”
Fed keeps rates unchanged
The federal reserve system on Wednesday decided to maintain its interest rates unchanged to 4.25-4.50 % in accordance with the expectations of economists.
Donald Trump has long criticized Fed chairman Jerome Powell and showed that he would not maintain him as soon as the deadline in about nine months.
Powell, however, rejected reporters’ questions about the White House reporters.
“We think we’re in a good place,” he said, asking about Trump’s remarks and added, “That’s what we care about.”
He also told reporters that the central bank would make a better decision if they were waiting for several months to understand how tariffs affect inflation, expenses and hiring, indicated that further rate adjustment could take some time to take place.
(Tagstotranslate) Donald Trump
