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

Trump’s Pardon Pledge Could Change Fate of Honduras’ Former Leader in Prison

TEGUCIGALPA – Juan Orlando Hernández, the former leader of Honduras, once a…

Texas Congressman Troy Nehls Announces Retirement Plans for 2026

In a recent announcement, Republican U.S. Representative Troy Nehls from Texas revealed…

Experience the Magic: Johnson City’s Candyland Christmas Trees Illuminate the Holiday Season

JOHNSON CITY, Tenn. (WJHL) — On Saturday evening, the heart of Johnson…

Honduras Prepares for Tight Presidential Race Amid Unexpected Trump Influence

TEGUCIGALPA – As Honduras approaches its presidential election this Sunday, the nation…

Survey Reveals Teenagers’ Growing Disinterest in Traditional News Media

NEW YORK – From a young age, Cat Murphy had a clear…

Community Concerns Grow as National Guard Attack Suspect Battled ‘Dark Isolation

The Afghan national accused of the recent shooting of two National Guard…

Two Lanes Shut Down After I-81 North Accident in Bristol

A multi-vehicle accident has resulted in the closure of lanes on Interstate…

Vanderbilt Quarterback’s Sibling Detained in Knoxville Amidst Game

In Knoxville, Tennessee, a notable incident occurred at Neyland Stadium over the…

Trump Calls for Closure of Venezuelan Airspace Amid Tensions: Maduro Decries ‘Colonial Threat

WEST PALM BEACH, Fla. – On Saturday, President Donald Trump declared that…

Union High School Triumphs in Playoffs with Strong Community Backing

WISE COUNTY, Va. (WJHL) – Enthusiasm filled the air at Phil Robbins…

Venezuelan President Maduro’s Complex Strategy: Balancing Loyalty and Punishment

CARACAS – In a surprising twist of attitude, Venezuelan President Nicolás Maduro,…

West Virginia High School Honors Beloved National Guard Member Known for Selflessness

Over the weekend, a community gathered at a high school in West…