'Dumbest': Donald Trump claims that Jerome Powell costs us hundreds of billions as Fed keeps the rates stable | Today news

Donald Trump on Thursday called the Federal Reserve chairman one of the ‘most destructive’ people in the US government that costs the country billions of dollars. In a series of posts on truth social after the Fed’s decision not to lower interest rates again, Trump calls the central bank boss “to make Jerome Powell” and describe him as an “American disgrace”. ” To late ‘Jerome Powell costs our country hundreds of billions of dollars. He is truly one of the stupidest, and the most destructive, people in government, and the Fed board is accomplished. Europe had ten cuts, we didn’t have one, ‘he said. “We need to be 2.5 points lower and save $ billions of rands on all the short -term debt of Biden. We have a low inflation! Too late is a US shame!”, Trump added. In accordance with market expectations, the US Federal Reserve on Wednesday decided to keep the federal fund rate unchanged at 4.25-4.50 percent. Donald Trump calls Jerome Powell ‘Dummy’ shortly before Fed’s decision, Donald Trump claimed that Jerome Powell costs US billions of dollars and calls him the ‘worst’. “Too late – Powell is the worst.” A real dummy that costs America $ billions! “He said. Trump said with reporters in the White House that the man he did during his last term did a poor job. He also pointed out to appoint himself to lead the US central bank based on his dissatisfaction with Powell. “Maybe I should go to the Fed,” Trump said. “I may appoint myself to the Fed? I will do a much better job than these people. ‘ Fed keeps the rates unchanged on Wednesday, on Wednesday decided to keep its interest rates unchanged at 4.25-4.50 percent, in accordance with the expectation of the economists. Donald Trump has long criticized Fed Jerome Powell chairman Jerome and made it clear that he would not retain him, ending once within about nine months. However, Powell rejected the questions from the reporters about the messages of the White House. “We think we’re in a good place,” he said when asked about Trump’s remarks, adding, “That’s what is important to us.” He also told reporters that the central bank would make better decisions if it waited a few months to understand how tariffs affect inflation, expenses and rent, in a sign that the next tariff adjustment could take some time to realize.