Trump aims at 'fool' Powell after Fed rate hold ... "too late" Powell who "doesn't have a clue", May 8

[progree]

https://finance.yahoo.com/news/trump-aims-at-fool-powell-after-fed-rate-hold-122752369.html

President Trump resumed his attacks on Federal Reserve Chairman Jerome Powell Thursday, calling the central bank boss a "fool" who "doesn’t have a clue."

The comments on the social media platform Truth Social came one day after the Fed kept its interest rates unchanged and Powell reiterated that he would wait for greater clarity on how Trump’s tariffs would affect the economy before deciding on a path for monetary policy going forward.

...

" 'Too Late' Jerome Powell is a FOOL, who doesn’t have a clue,” Trump said in his post Thursday.

tRump also doesn't seem to realize that rate changes are done by vote of the FOMC (Federal Open Market Committee). It's not one person's decision. Although I don't think there has ever been a rate-setting decision where the Fed Chairperson was not backed by a majority of FOMC members.

[Walleye]

1. Trump knows only one technique. Attack someone personally. He needs someone to blame things on too.

[Lovie777]

2. shithole trying to fire him again.........................

oh, and the fool is not Powell, shithole meet mirror.

[hildegaard28]

3. Lol

At the biggest fool on the planet calling others fools.

[Warpy]

4. Not sure anybody's listening to Kig Brain Trust on economic matters any more

after the fiasco he's caused with those ridiculous tariffs during which the experts have been proven right and he's been proven a pigheaded fool.

If he doesn't like keeping interest rates steady, he's really not going to like what happens if he insists on any high tariffs long term and they prove as inflationary as the experts say they will.