Trump says Fed Chair Powell ‘costing America billions’;...

added a post in Business

2025-06-19 06:35:15 -

Trump says Fed Chair Powell ‘costing America billions’; slams him for not cutting rates

US president Trump criticised Federal Reserve Chairman Jerome Powell for not cutting interest rates, labeling him a "real dummy" and blaming him for economic harm. This came after the Fed decided to hold steady, citing a need to monitor inflation and the impact of new tariffs. The Fed also revised its economic outlook, lowering growth forecasts and raising inflation expectations.

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