Trump scold Jerom Powell after the Fed is stable

President Donald Trump thwarted in the chairman of the federal reserve server Jerom Powell On Thursday, calling it “devastating” after the central bank retained interest rates steadily Wednesday.

Trump said “too late” Powell costs the United States “hundreds of billions of dollars, without reducing rates, aligning the usual criticism against the chairman of the Fed, who repeatedly ignored Trump’s pressure campaign to reduce rates.

“We need to be 2.5 points below and save $ billion across Biden’s short -term debt,” Trump wrote on Thursday on The truth is social.

Trump also criticized Powell at the end of Wednesday, calling it a “real mannequin” in almost medium night Truth social post.

Powell, which expires in May 2026, said on Wednesday that “as long as we can expect to learn more about the likely economy course before considering any adjustments to our policy.”

Trump’s remarks were in response to the Federal Open Market Committee Keeping your borrowing rate focused in the range of 4.25%-4.5%Which is on the same level where it has been since December.

Critics were not strange because the president had long been slamming Powell for reducing interest rates.

As recently, as a morning on Wednesday, a few hours before the Fed had to miss his decision at interest rates, Trump said, “So we have a stupid man. Honestly, you probably don’t cut off today“

“There were 10 cuts in Europe, and we did not have them. And I suppose he is a political guy, I don’t know. He is a political guy who is not a smart person, but he cost the countries,” he said outside the White House.

Trump even reflected to appoint himself to head the federal reserve system, saying: “I will do a much better job than these people.”

Trump said he intends to announce his choice for the next chairman of the Federal Reserve “very soon“