Trump slams Powell: Too Late Powell costs US hundreds of billions of dollars

19/06/2025 Argaam
President Donald Trump

President Donald Trump

President Donald Trump ripped into Federal Reserve Chair Jerome Powell on Thursday, calling him “destructive,” after the central bank kept interest rates steady on Wednesday.

Trump said “Too Late” Powell is costing the United States “hundreds of billions of dollars” by not cutting rates, leveling a familiar criticism against the Fed chair who has repeatedly ignored Trump’s pressure campaign to cut rates.

“We should be 2.5 Points lower, and save $BILLIONS on all of Biden’s Short Term Debt,” Trump wrote Thursday on Truth Social.

Trump also criticized Powell late Wednesday, calling him a “real dummy” in a near-midnight Truth Social post, asserting that inflation is currently slowing and there is no justification for the Fed to continue its conservative approach.

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