Former President Donald Trump has publicly criticized the Federal Reserve’s maintenance of high interest rates, calling for swift rate reductions despite ongoing economic growth. He characterized the central bank’s policy stance as detrimental and unsustainable.
Trump specifically targeted Federal Reserve Chair Jerome Powell during his critique, assigning him the derogatory nickname ‘Mr. Too Late’. This label reflects Trump’s assertion that Powell consistently responds too slowly to emerging economic developments.
The remarks include an analysis estimating the Federal Reserve’s policies result in an annual cost of $360 billion. Trump’s intervention comes amid broader scrutiny of the central bank’s interest rate strategy and its economic implications.