Trump Criticizes Fed Chair as ‘Fool’ Following Rate Freeze, Proclaims ‘Golden Age’ Is Approaching

Trump Criticizes Fed Chair as ‘Fool’ Following Rate Freeze, Proclaims ‘Golden Age’ Is Approaching

Trump Torches Fed Boss Over Inflation Moves

On Thursday, U.S. President Donald Trump blasted the Federal Reserve and its Chair, Jerome Powell, after the central bank kept the federal funds rate unchanged the day prior. He hopped onto social media via Truth Social and branded Powell a “fool.”

President Trump has once again lobbed colorful insults at the Federal Reserve’s chief. On Wednesday, the central bank left its benchmark rate parked between 4.25% and 4.5%, and the Federal Open Market Committee warned that “the risks of higher unemployment and higher inflation have risen.” Analysts, futures traders, and prediction markets had already wagered that the May 7 gathering would conclude with no adjustment to the federal funds rate.

The morning after the Fed’s decision, Trump jumped on Truth Social and proclaimed, “The Golden Age of America is coming!” Then in another post, he added that, although he likes Powell personally, the Fed chair isn’t, in his view, especially bright. Trump said:

‘Too Late’ Jerome Powell is a FOOL, who doesn’t have a clue. Other than that, I like him very much! Oil and Energy way down, almost all costs (groceries and ‘eggs’) down, virtually NO INFLATION, Tariff Money Pouring Into the U.S. — THE EXACT OPPOSITE OF ‘TOO LATE!’ ENJOY!

Trump’s fresh salvo follows earlier threats to show Powell the exit. At the same time, the administration is asking the Supreme Court to let the White House dismiss officials at independent regulators such as the Fed. Many see the petition as a legal springboard for Powell’s potential ouster.

Meanwhile, Beijing is trying to pep up its economy by shaving lending rates and injecting $138.5 billion of liquidity into the system. The move aims to loosen credit, kick-start growth, and tackle problems ranging from a property crunch and timid shoppers to cross-border trade friction. Officials bill the measures as part of a broader campaign against an economic slowdown.

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