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Trump aims at 'fool' Powell after Fed rate hold ... "too late" Powell who "doesn't have a clue", May 8 [View all]
https://finance.yahoo.com/news/trump-aims-at-fool-powell-after-fed-rate-hold-122752369.htmlPresident 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.
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" 'Too Late' Jerome Powell is a FOOL, who doesn’t have a clue,” Trump said in his post Thursday.
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.
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" '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.
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