Trump, Jerome Powell and interest rates
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President Donald Trump once again lashed out at Federal Reserve Chair Jerome Powell, calling him a "FOOL" a day after the central bank decided to hold interest rates steady. Trump wants interest rates to come down more quickly to help boost economic growth,
Key Takeaways Federal Reserve Chair Jerome Powell’s four-year leadership term ends in May 2026.President Donald Trump has been critical of Powell this year, calling for the chair's termination before walking back those threats.
The Federal Reserve’s refusal to acquiesce to Trump’s Interest rate cut requests has led Powell to become one of Trump’s biggest targets.
Donald Trump calls Jerome Powell a fool after the Federal Reserve decided to keep interest rates unchanged, sparking huge backlash. Trump, now President again, slammed Fed Chair Powell on Truth Social,
Instead of interest rates, Powell may talk about the Fed’s review of its monetary policy framework—how it balances employment and price stability.
Citadel founder Ken Griffin added that Americans may not even want the jobs that rebalancing the trade deficit may open up.