Donald Trump Calls Jerome Powell a “Clueless Fool” After Fed Decision

By: fxleaders|2025/05/09 01:30:02
0
Share
copy
Federal Reserve Chair Jerome Powell and U.S. President Donald Trump — long-time adversaries — continue to escalate their feud, with fresh public attacks adding fuel to the fire. On Wednesday, the Federal Reserve announced it would leave interest rates unchanged, maintaining the benchmark range at 4.25%–4.5%, where it has stood since December. The decision, aimed at balancing growing risks of both inflation and unemployment, drew immediate criticism from Trump. Taking to his social media platform, Truth Social, the president lashed out at Powell, calling him a “FOOL who has no clue.” He added sarcastically, “Other than that, I like him very much!” “‘Too late’ Jerome Powell is a FOOL who has no clue. Other than that, I like him very much! Oil and energy prices are very low, almost all costs (groceries and ‘eggs’) are virtually down, NO INFLATION, and tariff money is flowing into the U.S. THE EXACT OPPOSITE OF ‘TOO LATE’! ENJOY!” Trump wrote. Trump has previously floated the idea of firing Powell — a rare move against a sitting Fed chair — for not cutting interest rates quickly enough. Although he ultimately backed down, his public pressure on Powell has remained constant. In its official statement, the Fed cited heightened risks of both rising inflation and increased unemployment as reasons to keep rates on hold. In the post-meeting press conference, Powell emphasized that no rate cuts are guaranteed and that uncertainty remains high. “If the recently announced tariff increases are sustained, they are likely to drive inflation higher, slow economic growth, and increase unemployment,” Powell warned. “The appropriate stance is to wait and see.” The Fed’s cautious tone contrasts sharply with Trump’s aggressive messaging, underscoring the growing political and economic tensions ahead of a contentious election season.

You may also like

Tiger Research: What AI services do cryptocurrency companies offer?

Cryptocurrency giants like Binance and Coinbase have fully launched an AI defense battle: Driven by FOMO sentiment, leading platforms are accelerating the deep integration of AI agents into core businesses such as trading, security, and payments.

The war not only drives up oil prices but also causes Circle's stock price to soar

High interest rate expectations combined with the explosive growth of stablecoin infrastructure have led to Circle's stock price doubling in five weeks against the trend: Understanding the dual game of "macro interest rate trading" and "global payment foundation" behind the surge in one article.

When agents become consumers, who will rewrite the underlying logic of internet commerce?

Thirty years ago, due to the high cost of micropayments, the internet had no choice but to adopt an advertising model. Today, the technical threshold for micropayments is nearly zero, but trust has become the most expensive luxury. Whoever can bridge this gap will dominate the next generation of int...

AI Agents in Action Summit: March 31, Hong Kong Cyberport, focusing on the deep waters of AI implementation

Tomorrow, Hong Kong Cyberport will grandly open. The "AI Agents in Action" summit gathers top experts, directly addressing the real evolution of AI Agents from conceptual celebration to productization and large-scale commercial implementation.

29 Days In, What Are America’s Options on Iran?

The key is not in ground invasion but in the combination of striking capability and governance.

Flash Crash Down 97%+ with Ongoing Unlocking, WLD Completes $65 Million Off-chain Funding: Who Is Still Buying?

In the current deep bear market environment, being able to complete multi-million dollar token trades is quite rare.

Popular coins

Latest Crypto News

Read more