Trump Blasts Fed Chair Powell Over Interest Rates

President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell, calling him "a fool" after the Fed maintained interest rates. Trump's critique came amidst his contrary view on inflation and his tariff policy's impact, emphasizing cost reduction and challenging inflation risks posed by the Fed.

President Donald Trump has launched a scathing attack on Federal Reserve Chair Jerome Powell, labeling him "a fool" following the Federal Reserve's decision to keep interest rates unchanged.

Trump criticized Powell via social media, sarcastically referring to him as "'Too Late' Jerome Powell," and questioning his understanding of the economic climate, while simultaneously asserting his own policies had mitigated rising costs and inflation.

Highlighting the drop in energy costs and the benefits of his tariff policies, Trump asserted his stance against the Federal Reserve's concerns about potential increased inflation and unemployment risks.

(With inputs from agencies.)