'Costing our country trillions of dollars': Donald Trump calls Jerome Powell 'too stupid' after rate decision; central bank holds rates steady for fifth straight time

Jul 31, 2025 - 20:30
'Costing our country trillions of dollars': Donald Trump calls Jerome Powell 'too stupid' after rate decision; central bank holds rates steady for fifth straight time

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President Trump has sharply criticized Federal Reserve Chairman Jerome Powell, deeming him unfit for his role due to perceived incompetence and political bias, following the Fed's decision to maintain steady interest rates. Trump claims Powell's actions are costing the country trillions.

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