Trump Floats Firing 'Numbskull' Fed Chief
President Trump on Friday floated the possibility of firing Federal Reserve Chair Jerome Powell as part of his latest round of intense criticism of the leader of the central bank over its decision not to lower interest rates.
Trump, in a lengthy post on Truth Social, railed against Powell, labeling him a “numbskull,” “a dumb guy,” “and an obvious Trump Hater.” Trump appointed Powell to the post in 2017.
“I fully understand that my strong criticism of him makes it more difficult for him to do what he should be doing, lowering Rates, but I’ve tried it all different ways,” Trump posted. “I’ve been nice, I’ve been neutral, and I’ve been nasty, and nice and neutral didn’t work!”
The post included a graphic showing how the United States’s central bank rate compared to other nations.
“I fully understand that my strong criticism of him makes it more difficult for him to do what he should be doing, lowering Rates, but I’ve tried it all different ways,” Trump posted. “I’ve been nice, I’ve been neutral, and I’ve been nasty, and nice and neutral didn’t work!”
The post included a graphic showing how the United States’s central bank rate compared to other nations.