January 1, Trump Blasts Fed Chair Powell as ‘Clueless Fool’ After Rate Cut Refusal

President Trump is not happy with Federal Reserve Chairman Jerome Powell. He thinks Powell doesn’t make smart choices about interest rates. Trump said Powell doesn’t have a clue, but still says he likes him!

Trump shared his thoughts on Truth Social. He said oil and groceries are cheaper, and there’s almost no inflation. He also mentioned that tariffs are bringing money into the U.S. This is the opposite of what Powell is saying.

The Federal Reserve decided to keep interest rates between 4.25% and 4.5%. They want to wait for better economic forecasts before making changes. Powell, who was chosen by Trump but later reappointed by President Biden, says the Fed wants to help Americans by promoting jobs and stable prices.

Trump announced he won’t reappoint Powell when his term ends in 2026. Trump thinks Powell might favor Democrats by lowering rates. Powell had said they are waiting for more clarity about Trump’s tariffs.

Trump believes Powell should lower interest rates like Europe does. He even told NBC’s “Meet The Press” that it’s the perfect time for lower rates. When asked if he would remove Powell before 2026, Trump said no. He plans to choose someone new when it’s time.

Wyatt Matters!

Federal Reserve Chairman Jerome Powell is facing criticism for his decisions about interest rates. President Trump thinks that Powell isn’t making the best choices. Trump believes that lowering interest rates would be a good move for the U.S., similar to what Europe does. He has said that this is the perfect time to make such a change, especially since he believes inflation is under control with cheaper oil and groceries.

The Federal Reserve has decided to keep interest rates between 4.25% and 4.5% for now. Powell and the Federal Reserve want to be sure of the economic situation before making any changes. Their goal is to support jobs and keep prices stable. Powell also noted that they need to understand more about how Trump’s tariffs affect the economy before deciding whether to change rates.

Though Trump is unhappy with Powell, he won’t remove him before his term is over in 2026. Trump plans to appoint someone new when Powell’s term ends, hoping for decisions more in line with his views on the economy. While Trump says he likes Powell personally, he strongly disagrees with his handling of interest rates and believes a lower rate would benefit America.

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