Trump Rips Jerome Powell Over Rates, But Supreme Court Shields Fed From Firing
- Posted on June 12, 2025
- By Bing News
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Trump Rips Jerome Powell Over Rates, But Supreme Court Shields Fed From Firing
President Donald Trump escalated his criticism of Jerome Powell on Thursday, blaming the Federal Reserve chief's rate stance for higher U.S. debt costs. According to USA Today, Trump said higher interest payments were the result of "one numbskull," a reference to Powell, and accused him of ignoring political realities. Trump has pushed Powell for months to lower rates. "We can't get this guy to do it,” he said. “And the fake news is saying ‘Oh...