Trump says “stupid” Powell ‘will probably not cut’ rates on Wednesday

With federal reserve, interest rates, has made the final decision on the president Donald Trump Lambated chair on Wednesday Jerome Powellcalling “stupid” while he would cut the central bank.

In the series of attacks on the years since the Powell, Trump said the Fed’s key loan must be at least 2 points lower.

“So we have a fool. Actually, you probably don’t cut it today,” Trump said that it doesn’t improve out of the white house. “Europe had 10 cuts, and we didn’t at all. And I think it’s a political guy, I don’t know. It’s a political guy who isn’t intelligent, but it costs the country’s fortune.”

The Federal Market Commission established by the Notes rate was released by its expression in interest rates, along with an update that see politics, over the coming years.

The market price does not indicate the probability of a cut at this meeting with the next expected movement in September. Fedek Today the lending rate range from 4.25% to -4.50%.

Powell and his colleagues have questioned the fare for so many unanswered questions about the economy.

For a long-term impact of Trump Fares is not known. Inflation indicators have changed little since April was established in April, but several factors collided to blur the impact.

Trump, however, said that higher interest rates cost “hundreds of billion” dollars to finance costs that could be saved if the Feda was facilitated.

“If he is worried about inflation, it’s okay. I understand that. I don’t think anyone will be there.” But Trump said so far.

“But now we have a man who refuses to lower the Fed rate, he doesn’t give up and not a smart person,” president added. “I don’t think that political think. I think he hates me, but it’s okay.”

Trump and Powell recently met in the White House, although little discussed. Powell and his colleagues will not swing through political pressure, among other administration officials, such as Vice President JD Vance.

Trump also hit himself as a fed chair, “I would do much better work than these people.”

POWELL’s period expires in May 2026 and Trump will soon want to name a heir.