President Trump Slams Fed Chair Jerome Powell After Fed Rejects Rate Cut
2025-07-04 03:49:49
Description
President Donald Trump is continuing his broadside against Jerome Powell, criticizing the Federal Reserve chair for not slashing interest rates. On Thursday, Trump took to his social media platform, Truth Social, to call Powell “a fool” who “doesn’t have a clue.” The day before, the Federal Open Market Committee (FOMC) announced that it planned to maintain the target range for the federal funds rate at 4.25-4.5%, arguing that it was the most suitable level to achieve both maximum employment and ...
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