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Trump Accuses Fed Chief Powell of Wasting Billions by Failing to Lower Interest Rates
President Donald Trump says Jerome Powell is costing the US hundreds of billions of dollars by not lowering interest rates, amid his campaign to oust the Federal Reserve chair.
President Donald Trump claims that Federal Reserve Chair Jerome Powell's reluctance to lower interest rates is costing the US hundreds of billions of dollars, as part of his campaign to oust Powell from the position. The exact cost is unspecified, but Trump's statement suggests he believes a rate cut would have significant economic benefits. Trump's criticism of Powell comes amid ongoing debates about monetary policy and the Fed's response to economic challenges.
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