President Donald Trump early Thursday called Federal Reserve Chair Jerome Powell a “fool” after the central bank kept its key interest rate unchanged one day earlier, citing the economic uncertainty created by his tariffs.
“‘Too Late’ Jerome Powell is a FOOL, who doesn’t have a clue,” Trump posted on Truth Social. “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!”
On Wednesday, the Fed voted to keep the benchmark interest rate ranging from 4.25% to 4.5%, the same rate it has remained since December.
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