19.06.2025 09:50
U.S. President Donald Trump continues to target Federal Reserve Chairman Jerome Powell. Trump stated regarding the Fed's decision to keep interest rates steady, "Too late. Powell is the worst, a real fool costing America billions of dollars!"
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U.S. President Donald Trump continues to target Fed Chairman Jerome Powell following the Federal Reserve's decision to keep interest rates unchanged.
Since taking office, Trump has repeatedly called for Powell to resign and criticized him. Most recently, he described Powell as "the worst in history and a fool" by quoting a news article on his social media account. After the interest rate remained unchanged, Trump stated on his social media account, "Too late. Powell is the worst, a real fool costing America billions of dollars." Trump had previously referred to Powell as "a fool."
CALLED FOR RESIGNATION
In the same post, Trump also quoted a news article titled "He must resign immediately if he does not cut interest rates." In his statement, Trump referenced comments made by Bill Pulte, the regulator of Fannie Mae and Freddie Mac. Pulte had called for Federal Reserve Chairman Jerome Powell to resign if he did not lower short-term interest rates after policymakers decided not to change them.
FED DID NOT CHANGE INTEREST RATE
The U.S. Federal Reserve kept the interest rate unchanged in the range of 4.25% to 4.50%.
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