Trump Calls Jerome Powell a “Disaster” Over High Interest Rates

President Donald Trump renewed his criticism of Federal Reserve Chair Jerome Powell by posting a meme on Truth Social depicting Powell falling into a dumpster, with a caption calling him a "disaster" and stating "Interest Rates too high!". Trump has long criticized Powell, arguing he has been "Too Late" to cut rates and is too slow to lower them further. He believes lower rates would ease consumer pressure and accelerate economic growth. Powell, however, has maintained higher rates to combat inflation. The article also notes that Trump has previously threatened to remove Powell and is filling Fed governor seats with allies aligned with his rate-cutting agenda. This renewed attack comes as markets anticipate Powell's final Federal Open Market Committee meeting as Fed chair, with traders becoming more cautious and reducing leverage.

(Source：BeInCrypto)