Trump bashes Jerome Powell on interest rates: ‘Like talking to a wall’
Share this @internewscast.com


President Trump bashed Federal Reserve Chair Jerome Powell on Thursday for not listening to his push to cut interest rates, after the central bank once again opted to hold interest rates steady this week.

Trump was asked about Powell after the Fed chair a day before told reporters he has never asked for a meeting with the president and he “never will.”

When asked if he plans to try to meet with Powell, Trump replied, “It’s like talking to a wall.”

That prompted laughter from Commerce Secretary Howard Lutnick and Vice President Vance, who flanked Trump in the Oval Office following an announcement about a trade agreement with the United Kingdom.

“Well the Bank of England cut, China cut, everybody’s cutting but him,” Trump said, referring to Powell bucking calls from him to lower borrowing costs. “We’ll see what happens. It’s a shame. I call him ‘Too Late.’

“‘Too Late Powell,’ that’s his nickname. It’s a shame. It’s ridiculous.”

The president, though, also touted a strong economy and said cutting rates wouldn’t matter much.

“In this case, its not going to mater that much, because our country is so strong; we’re so powerful in terms of economic strength and what we’ve done,” Trump said.

Powell had similarly cited the solid fundamentals in the economy as the reason the central bank can afford to wait to see how new trade, fiscal and regulatory policies will unfold.

The Fed’s interest rate-setting committee left rates at a range of 4.25 percent to 4.5 percent, marking the third hold in a row after pauses during meetings in March and January. The Fed cut rates three times in the back half of 2024.

Trump early Thursday took to social media to call Powell “a FOOL, who doesn’t have a clue” because of the decision to hold rates steady.

Powell, a lifelong Republican, was first nominated as Fed chair in 2017 by Trump and was later reappointed by former President Biden.

Share this @internewscast.com
You May Also Like

Ocala Resident Dies in Marion County Accident, According to FHP

MARION COUNTY, Fla. – An 81-year-old Ocala man was killed in a…

Israeli-Supported Organization Requests $30 Million from the US to Help Gaza

WASHINGTON – A coalition led by the U.S. has requested the Trump…

Monticello’s Stiverson Joins Paulsons for a Reunion at EIU

MONTICELLO, Ill. (WCIA) — After one season of Big Ten softball at…

Democrats clash on Israel-Iran conflict while Trump weighs involvement

After nearly two years of stark divisions over the war in Gaza…

Mahmoud Khalil Freed from Federal Immigration Detention

Palestinian activist Mahmoud Khalil was released from federal immigration detention on Friday…

U of I Organizes STEM Boot Camp for Veteran Students

CHAMPAIGN, Ill. (WCIA) — Saturday marks the start of a week-long academic…

Court mandates release of ex-Columbia University activist Mahmoud Khalil

A federal judge on Friday ordered the release of Mahmoud Khalil, a…

Los Angeles Dodgers Commit $1 Million to Aid Immigrant Communities Following ICE Raid Controversy

After facing mounting pressure to speak out, the Los Angeles Dodgers have…

BookTok Scandals: Plagiarism Allegations, AI Controversies, and Author Intimidation Shake the Community

The book community on TikTok is currently embroiled in a scandal over…

Louisiana Law Mandating Ten Commandments in Classrooms Halted by Court

In a recent decision, three judges from a federal appellate court concluded…

JD Vance Visits Los Angeles During Federal Standoff With California

() Vice President JD Vance visited Los Angeles on Friday afternoon amid…

The Supreme Court Supports Vaping Industry, Dismisses FDA’s Venue Challenge

The Supreme Court sided with the vaping industry on Friday by rejecting…