Archive · 26 Jun 2025

Trump Attacks Powell Again over US Fed Rate Decisions

Trump Attacks Powell Again over US Fed Rate Decisions

Former President Donald Trump is publicly criticizing the current head of the Federal Reserve, Jerome Powell, over interest rates.

Trump believes Powell's decision to keep interest rates high is hurting the US economy and costing the government money.

He has called Powell names and questioned his intelligence.

The Federal Reserve, which controls interest rates, has kept them steady due to ongoing inflation and economic uncertainty.

Powell has defended his position, saying rate decisions are based on economic conditions, not political pressure.

Trump nominated Powell but now wants to replace him.

Sources