U.S. President Donald Trump targeted Federal Reserve Chair Jerome Powell with criticism on Thursday, labeling him as "a fool". This came a day after the Federal Reserve decided to maintain the current interest rates, pointing to potential risks of increased inflation and unemployment.
In a public message on his social media platform, President Trump expressed his disapproval of Powell, stating, "’Too Late’ Jerome Powell is a FOOL, who doesn’t have a clue. Other than that, I like him very much!"
The President also disputed the concerns of rising costs and inflation, citing falling energy costs and his own tariff policy as counterpoints. He emphasized that the situation was "THE EXACT OPPOSITE OF ’TOO LATE!’", indicating a disagreement with the Federal Reserve’s cautious stance on potential economic risks.
