Donald Trump Unleashes Tirade On Jerome Powell: ‘Very Dumb, Hardheaded’
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Jordan King is a Newsweek reporter based in London, U.K. Her current focus is on religion, health, food safety and population. She has covered the persecution of religions in the global south, fertility and birth rate issues around the world, multiple disease outbreaks in the U.S. and ongoing vaccination discourse. Jordan joined Newsweek in 2024 from The Evening Standard and had previously worked at Metro.co.uk, she has background in international human-interest stories and is a graduate of Kingston University, in London. You can get in touch with Jordan by emailing j.king@newsweek.com. Languages: English.
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Shane Croucher is a Breaking News Editor based in London, UK. He has previously overseen the My Turn, Fact Check and News teams, and was a Senior Reporter before that, mostly covering U.S. news and politics. Shane joined Newsweek in February 2018 from IBT UK where he held various editorial roles covering different beats, including general news, politics, economics, business, and property. He is a graduate of the University of Lincoln, England. Languages: English. You can reach Shane by emailing s.croucher@newsweek.com
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President Donald Trump has fired another volley of insults at Federal Reserve Chair Jerome Powell and demanded that the benchmark interest rate be cut by as much as three points.
Trump sees higher interest rates as needlessly holding back the American economy. But the Fed is concerned about the outlook for inflation due to Trump’s tariffs.
“‘Too Late’ Jerome Powell, of the Fed, will be in Congress today in order to explain, among other things, why he is refusing to lower the Rate,” Trump posted to his Truth Social platform in the early hours of Tuesday morning.
“Europe has had 10 cuts, we have had ZERO. No inflation, great economy – We should be at least two to three points lower. Would save the USA 800 Billion Dollars Per Year, plus. What a difference this would make. If things later change to the negative, increase the Rate.
“I hope Congress really works this very dumb, hardheaded person, over. We will be paying for his incompetence for many years to come. THE BOARD SHOULD ACTIVATE. MAKE AMERICA GREAT AGAIN!”
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