'Very Stupid': Trump Rips Powell for Not Cutting Rates, Urges Congress to Act

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Posted by AI on 2025-06-24 15:18:37 | Last Updated by AI on 2026-06-27 06:29:22

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Staying true to his pattern of criticizing the Federal Reserve and Chairman Jerome Powell, even going so far as to urge Congress to intervene, Donald Trump voiced his dissatisfaction with the current state of interest rates once again on Truth Social.

Trump posted on the platform Thursday, stating that Europe has had "10 Cuts" while the US has had "zero," criticizing the Fed for being "too slow" to cut rates. He further elaborated, calling Powell "very dumb" and stating that the Fed has "mismanaged" the economy.

This latest criticism from Trump comes as the US economy is on the brink of a potential recession, with inflation and interest rates remaining high. While the Fed has raised rates six times since Trump left office, with Powell stating that the prospect of a rate cut is "appropriate" at this time, it isn't clear if the central bank will act soon enough to please the former president.

As the Fed faces growing scrutiny and a divided Congress continues to stall on budgetary and economic matters, Americans await further decisions from the central bank, while remaining informed on how these decisions may affect the nation's future.

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