President Donald Trump slammed Federal Reserve Chair Jerome Powell on Wednesday ahead of the central bank’s interest rate decision, calling him “a stupid person.”
“We have a stupid person, frankly, at the Fed,” Trump said. “He probably won’t cut.”
Since Trump took office, the European Central Bank (ECB) has cut interest rates three times. Jerome Powell and the Feds have cut interest rates zero times.
It does seem to indicate that Powell wants to slow the economic progress Trump is making.
As expected, he defied President Trump, and lefet interest rates unchanged.
This is a win for loan institutions, and a loss for the American people.
US President Trump lashed out at Fed Chair Jerome Powell and called him a ‘stupid person.’ Trump blamed the Fed for making it more expensive for the US government to finance its deficits https://t.co/5TBU5Q4By0 pic.twitter.com/qTA8UMDA1z
— Reuters (@Reuters) June 18, 2025
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Power is just a tool of the One World gang. He does their bidding and cares NOTHING about what is good for America, especially now that Trump is at 1600. HE AND THE FED need to go.
Stablecoins would put the Fed in check. Give another issuer of currency an opportunity to purchase T-bills without the need of inflation to cover interest rates. The coin issues make money on transactions and not interest.
He needs to threaten them with trying to abolish the Federal Reserve and see if that gets their attention
Trump should pull out the Constitution and shut the Fed down and Constitutionally illegal. The coin act, which did to protect the peoples’s money. Frankly we don’t know who owns the Fed a private banking cartel. Turn the powers of the Fed over to the U.S. Treasury where it has always belonged. The SCOTUS can’t do a thing to stop… Read more »
LOL, I love this guy. Tell it like it is, calls the shots, and has no fear but I just wish he would start arresting and prosecuting the Demoncraps who should be called by their true name of COMMUNIST! And start HANGING them for treason (no excuse) because if we don’t this country is going to be dead in a… Read more »
We could reduce a big chunk of the national debt if they put those hangings on Pay-per-View
The last thing you ever want to do is follow the lead of the European Central Bank.
The interest rates are ok where they are at. We got into a BIG problem giving FREE money to banks and almost free money to businesses. When the economy hit a bump, banks & businesses started crashing. Interest rates for consumers should be nominally around 4% during a healthy economy. Nobody deserves free money. Nothing can be done for a… Read more »
I agree with you…. They’re low… Didn’t know that money was free to borrow!
Goldman Sachs aka: government Sachs get green backs at insane rates from you know who know.
People don’t remember when rates were over 12%. We were spoiled for 20 years.