Emre Yumlu 
U.S. President Donald Trump has taken center stage with his remarks about the U.S. Federal Reserve (Fed) and its Chairman, Jerome Powell. Expressing clear dissatisfaction with the Fed’s interest rate policy, Trump issued strong criticisms directed at Powell.
Trump: “Interest Rates Must Be Slashed Immediately and Significantly”
In his statement, Trump said:
“Powell is a stubborn moron. Interest rates must be slashed immediately and significantly. If he continues this resistance, the board should take control!”
These statements represent clear political pressure against the Fed’s cautious stance on rate cuts.
What Happened Recently?
In its recent meeting, the Fed decided to leave interest rates unchanged, a decision made by a vote of 9 to 2. Shortly after the decision, the President took to his own social media platform to renew his criticisms of Powell.
Trump: “Jerome ‘Too Late’ Powell Did It Again!”
Trump began his statement with: “Jerome ‘Too Late’ Powell did it again!!!” and called Powell a “TOTAL LOSER,” blaming the country’s economic troubles on what he sees as poor monetary policies.
Trump: “Costing Our Country Trillions of Dollars”
Trump didn’t stop at calling Powell “too late”; he also accused him of being “very angry, very dumb, and overly political.” These remarks are seen not only as personal attacks but also as a broader criticism of the Fed’s independence.
On social media, the President emphasized:
“Jerome ‘Too Late’ Powell did it again!!! It’s costing our country TRILLIONS OF DOLLARS.”
What Did Powell Say?
Fed Chair Jerome Powell, in a press conference, defended the decision to hold rates steady, explaining that they needed to observe the impact of Trump’s tariffs on inflation. He also stated that no decision had yet been made regarding the September meeting and that future actions would depend on economic data.
“Our decisions going forward will be determined by data. We do not make decisions in advance. All information will be evaluated.” – Jerome Powell
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