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

Traffic Alert: Jackknifed Tractor-Trailer Shuts Down Lane on I-81 in Fall Branch

The Tennessee Department of Transportation has temporarily closed a southbound lane on…

Trump Announces U.S. Initiates Dialogue with Cuba Amid Plans to Reduce Oil Supply

President Donald Trump has announced that the United States is initiating conversations…

Westminster Dog Show 150th Anniversary: Essential Insights for Attendees

NEW YORK – The time has come for the nation’s most dedicated…

Trump’s Stance on Federal Intervention: No Action in Democratic Cities Without Official Request

WASHINGTON – In a recent statement, President Donald Trump declared that Homeland…

Frigid Temperatures Persist as Snow Subsides: Sunny Skies Expected Sunday Afternoon

A Winter Storm Warning remains active until 1 a.m. on Sunday, according…

Devastating Coordinated Assaults by Baloch Separatists Claim Lives of 10 Pakistani Security Personnel

QUETTA – In a dramatic escalation of violence, separatists from Pakistan’s Balochistan…

Ultimate Guide: Uncover the Secrets of the 150th Westminster Dog Show

NEW YORK – The stage is set for thousands of America’s most…

Judge Orders Release of 5-Year-Old Liam Conejo Ramos and Father from ICE Custody

SAN ANTONIO – A federal judge has mandated the release of a…

Capturing Winter Magic: Heartwarming Photos of Families and Their Pets Enjoying the Snow

On a chilly Sunday in Johnson City, Tennessee, the Tri-Cities region transformed…

Mariah Carey’s Hidden Grunge Album Unveiled at Star-Studded MusiCares Tribute Event

LOS ANGELES – Renowned for her dynamic blend of pop, R&B, gospel,…

Bristol Scrambles for Road Salt as Knoxville Supplier Faces Shortage: Public Works Responds

The Bristol Public Works Department in Tennessee has taken measures to ensure…

Explosion in Iranian Port City Claims 1 Life, Injures 14 Ahead of U.S.-Monitored Naval Drill in Strait of Hormuz

DUBAI – Tragedy struck the Iranian port city of Bandar Abbas on…