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

Exciting Upgrades at Warriors’ Path State Park: Renovations Aim to Enhance Visitor Experience

Visitors to Warriors’ Path State Park in Kingsport, Tenn., might observe some…

‘One Battle After Another’ Triumphs at PGA Awards, Poised for Awards-Season Success

“One Battle After Another” continues its undefeated streak. On Saturday night, Paul…

Unveiling the Magic: Bonnie Kate Theater’s Grand Opening of ‘Once Upon a Mattress

ELIZABETHTON, Tenn. (WJHL) — The historic Bonnie Kate Theater in Elizabethton is…

US Futures Dip, Asian Markets Decline Amid Surge in Oil Prices Following US-Israel Strikes on Iran

BANGKOK – A wave of U.S. and Israeli military strikes on Iran…

From Angry Birds to Flappy Bird: The Iconic Mobile Games That Defined a Generation

In the early 2010s, mobile games like Angry Birds and Subway Surfers…

Scream 7′ Achieves Franchise Record with $64.1 Million Opening Weekend for Paramount

NEW YORK – “Scream” continues to slash its way to success. Three…

Tragic Incident: 22 Fatalities and Over 120 Injuries Amid Protesters’ Attempted Breach at US Consulate in Pakistan

In a dramatic escalation of tensions in the Middle East, violence erupted…

Trump Engages in Conflict Contrary to Stated Aversion to Middle Eastern Involvement

In a surprising turn of events, President Donald Trump has led the…

Iranian-Backed Militias Enter the Fray: Escalating Tensions in Widening Conflict

The already volatile situation in the Middle East took a dramatic turn…