Trump rips into ‘too late’ Jerome Powell after Fed holds rates steady

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President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell after the Fed kept interest rates steady, calling him “destructive” and blaming him for costing the U.S. “hundreds of billions of dollars” by not cutting rates. Trump claimed rates should be 2.5 points lower to save billions on Biden’s short-term debt and labeled Powell a “real dummy” on social media. Despite Powell’s stance to wait before adjusting policy, Trump accused him of being politically motivated and suggested he could do a better job leading the Fed, CNBC has reported. Trump also said he plans to announce his pick for the next Fed chair soon. read more: 👍 Like this video to raise awareness about the political tensions shaping U.S. monetary policy and leadership at the Federal Reserve. 💬 Comment below—Do you agree with Trump that rates should be cut, or is the Fed right to hold steady? 🔗 Share this video to inform others about how interest rate decisions affect the economy—and the political battle surrounding them. 💰 Want to support the channel? You can donate directly by hitting the YouTube Thanks button. Your support helps us keep breaking down complex economic and political stories. 👉 Don’t forget to subscribe for more coverage of the Fed, U.S. economic trends, and the 2024 election. Thanks for watching and supporting the channel. Links for B.C. Visit My Website Follow Me On Facebook Subscribe To My Patreon Watch Me On YouTube Follow Me On Twitter Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok #TrumpVsPowell #FederalReserve #InterestRates