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Live Updates  >  Live Update Details

2025-07-31 19:19:45

Trump blasts Powell again, accusing him of being "slow, angry, and stupid." Could his Fed chairmanship be in jeopardy? (1) US President Trump lashed out at Federal Reserve Chairman Jerome Powell on social media. (2) Trump bluntly stated that Powell acted "too late" and was "too angry, too stupid, and too political," making him unfit to continue serving as Fed Chairman. (3) He accused Powell of costing the United States "trillions of dollars." (4) Trump also criticized Powell's performance on construction projects as "the most incompetent and corrupt building (group) renovations in the history of architecture." (5) Trump called Powell "Mr. Too Late" and asserted that he was a "total loser" for whom the country is paying the price. (6) This scathing attack further underscored Trump's dissatisfaction with the Federal Reserve's monetary policy. (7) Trump has previously publicly criticized the Fed's interest rate hikes, arguing that they have hindered US economic growth. (8) This escalation of his rhetoric suggests continued tensions between Trump and the Federal Reserve and may further fuel market concerns about the Fed's independence.

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