In the midst of economic uncertainty and global tensions, President Trump took to Twitter to criticize Federal Reserve Chairman Jerome Powell, calling him a “stupid person” and “not a smart person” ahead of the Fed’s decision on interest rates.
The Washington Times reported that President Trump’s harsh words for Powell come as the Federal Reserve is expected to announce its decision to leave interest rates unchanged, despite the president’s repeated calls for a rate cut to stimulate the economy. Trump has been vocal in his disagreement with Powell’s approach to monetary policy, accusing him of hindering economic growth.
CBS News MoneyWatch correspondent Kelly O’Grady highlighted Trump’s frustration with Powell, emphasizing the president’s belief that a rate cut is necessary to boost the economy and create jobs. However, Powell and the Federal Reserve have maintained their stance on keeping rates steady, citing concerns about inflation and economic stability.
Following the Fed’s decision to leave interest rates unchanged, Trump continued his criticism of Powell, labeling him as “dumb” and “destructive.” The Washington Times noted that the president went as far as calling Powell an “American disgrace,” expressing his displeasure with the Fed’s policies under Powell’s leadership.
CBS News contributor Javier David reported on Trump’s reaction to the Fed’s decision, with the president expressing his disappointment in Powell’s actions. Trump’s public condemnation of Powell reflects the ongoing tension between the White House and the Federal Reserve over economic policy decisions.
In a separate development, President Trump announced that his decision on whether to engage in military action against Iran will be delayed for two weeks. The Washington Times stated that Trump aims to give Iran more time to come to an agreement with the U.S. regarding its nuclear program before making a final decision.
Overall, the conflicting perspectives between President Trump and Federal Reserve Chairman Jerome Powell underscore the challenges of balancing economic growth and stability in the face of global uncertainty. Trump’s criticisms of Powell’s leadership at the Federal Reserve highlight the ongoing debate over monetary policy and its implications for the U.S. economy.
References:
1. https://www.washingtontimes.com/news/2025/jun/18/trump-slams-jerome-powell-stupid-person-ahead-fed-decision-interest/
2. https://www.cbsnews.com/video/trump-says-jerome-powell-is-not-a-smart-person-ahead-of-interest-rate-decision/
3. https://www.washingtontimes.com/news/2025/jun/19/trump-calls-jerome-powell-dumb-destructive-fed-decision/
4. https://www.cbsnews.com/video/trump-reacts-to-fed-decision-on-interest-rates-insults-powell-on-actions/
5. https://www.washingtontimes.com/news/2025/jun/19/trump-make-decision-iran-within-two-weeks/
6. http://indiana.statenews.net/news/278393153/trump-delays-decision-to-go-to-war-against-iran-for-two-weeks
Political Bias Index: Neutral (Green)
