{"id":36630,"date":"2025-05-08T14:28:39","date_gmt":"2025-05-08T14:28:39","guid":{"rendered":"https:\/\/coincentral.com\/?p=36630"},"modified":"2025-05-08T14:28:39","modified_gmt":"2025-05-08T14:28:39","slug":"trump-renews-fed-criticism-calls-powell-a-fool-over-rate-hold","status":"publish","type":"post","link":"https:\/\/coincentral.com\/trump-renews-fed-criticism-calls-powell-a-fool-over-rate-hold\/","title":{"rendered":"Trump Renews Fed Criticism, Calls Powell a \u2018Fool\u2019 Over Rate Hold"},"content":{"rendered":"<h2>TLDR<\/h2>\n<ul>\n<li>Donald Trump criticized Federal Reserve Chair Jerome Powell after the Fed decided to keep interest rates unchanged.<\/li>\n<li>The Federal Reserve maintained the benchmark rate at 4.25 percent to 4.5 percent following its May 7 policy meeting.<\/li>\n<li>In a Truth Social post, Trump accused Powell of acting too late on economic signals and called him a fool.<\/li>\n<li>Trump argued that falling energy prices, lower grocery costs, and minimal inflation justify immediate rate cuts.<\/li>\n<li>The Fed has held rates steady for three straight meetings after cutting them three times in late 2024.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coincentral.com\/donald-trump-dumps-elon-musk-dogecoin-price-prediction-next-best-meme-coins\/\">Donald Trump<\/a> strongly criticized Federal Reserve (Fed) Chair Jerome Powell after the central bank left interest rates unchanged. Trump posted his response on Truth Social following the Federal Open Market Committee\u2019s May 7 decision. The Fed kept its benchmark rate at 4.25% to 4.5%, which aligned with previous meetings and market expectations.<\/p>\n<p>Trump expressed frustration with Powell\u2019s policies and accused him of responding late to economic signals. He labeled Powell ineffective while adding a sarcastic note of personal approval. The criticism echoed Trump\u2019s past confrontations with the central bank over rate policies.<\/p>\n<p>Though the Fed reaffirmed its position on holding rates, Trump insisted the economic conditions support a reduction instead. He pointed to falling energy prices, declining grocery costs, and minimal inflation as reasons for immediate cuts. Trump argued that the U.S. economy needs lower rates to continue strengthening.<\/p>\n<h2>Trump Criticizes Fed Over Rate Decision<\/h2>\n<p>The <a href=\"https:\/\/moneycheck.com\/feds-tough-choice-combat-inflation-or-prevent-economic-slowdown\/\">Fed<\/a> concluded its two-day meeting by maintaining interest rates within the same target range since January. This decision extended the pause after the rate cuts introduced late in 2024. The Fed has kept the rate steady across three consecutive meetings in 2025.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: President Trump says \u201cToo Late Jerome Powell is a fool\u201d after the Fed holds interest rates steady.<\/p>\n<p>Trump says there is \u201cvirtually no inflation\u201d with \u201ctariff money pouring into the US.\u201d <a href=\"https:\/\/t.co\/Bx0hEVfmrt\">pic.twitter.com\/Bx0hEVfmrt<\/a><\/p>\n<p>&mdash; The Kobeissi Letter (@KobeissiLetter) <a href=\"https:\/\/twitter.com\/KobeissiLetter\/status\/1920428521861570945?ref_src=twsrc%5Etfw\">May 8, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While markets expected no change, Trump\u2019s comments brought renewed political attention to the Fed\u2019s monetary policy. Powell has emphasized a measured approach, even as political leaders voice strong opinions. Trump\u2019s remarks intensified pressure on the Fed to respond more aggressively to perceived economic shifts.<\/p>\n<p>The central bank began cutting rates in late 2024 after a long period of rate hikes aimed at slowing inflation. Since then, the Fed has opted to monitor economic trends without rushing into further changes. Powell has repeatedly stressed that long-term stability guides the committee\u2019s rate decisions.<\/p>\n<h2>Economic Growth Claims Clash With Demands<\/h2>\n<p>Trump insisted that the current economy supports lower borrowing costs and rapid policy adjustments. He justified low inflation, strong tariff revenue, and dropping commodity prices. Trump claimed these conditions contradict Powell\u2019s decision to hold the rate steady.<\/p>\n<p>Economist <a href=\"https:\/\/blockonomi.com\/bitcoin-critic-schiff-moves-cryptocurrency-to-hardware-wallet-for-long-term-holding\/\">Peter Schiff<\/a> responded to Trump\u2019s statements by highlighting contradictions in his economic narrative. Schiff noted that Trump promotes strong economic growth while also demanding lower rates. He argued that such mixed messages weaken the credibility of Trump\u2019s monetary demands.<\/p>\n<p>Trump\u2019s ongoing criticism of Powell follows a long pattern of challenging the Fed\u2019s independence. Though Trump praised Powell\u2019s appointment during his presidency, his recent tone has shifted dramatically. Despite past support, Trump now accuses Powell of failing to act in the nation&#8217;s best economic interest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLDR Donald Trump criticized Federal Reserve Chair Jerome Powell after the Fed decided to keep interest rates unchanged. The Federal Reserve maintained the benchmark rate at 4.25 percent to 4.5 percent following its May 7 policy meeting. In a Truth Social post, Trump accused Powell of acting too late on economic signals and called him<\/p>\n","protected":false},"author":9008,"featured_media":28090,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"iawp_total_views":9,"footnotes":""},"categories":[28156],"tags":[7619,28342,28582],"class_list":{"0":"post-36630","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"tag-donald-trump","9":"tag-federal-reserve","10":"tag-jerome-powel"},"wppr_data":{"cwp_meta_box_check":"No"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Renews Fed Criticism, Calls Powell a \u2018Fool\u2019 Over Rate Hold - CoinCentral<\/title>\n<meta name=\"description\" content=\"Trump calls Fed Chair Powell a fool over unchanged rates, citing low inflation and falling prices as reasons for immediate cuts.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coincentral.com\/trump-renews-fed-criticism-calls-powell-a-fool-over-rate-hold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Renews Fed Criticism, Calls Powell a \u2018Fool\u2019 Over Rate Hold - 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