President Trump on Tuesday had a playful moment with the reporter, who asked for details on the President’s last conversation with Federal Reserve Chairman Jerome Powell, who Trump has repeatedly attacked for refusing to lower interest rates.
Recall that Jerome Powell cut interest rates 50 basis points in September when inflation was MUCH HIGHER to boost Kamala Harris. It is obvious that Jerome Powell is playing politics.
But Powell has allegedly said he wants to go down in history as “someone who held the line against Trump,” Aurel Hizmo, who served as a Principal Economist at the Fed, told an undercover journalist.
As previously reported, Jerome Powell last Tuesday took a shot at President Trump and said the Fed would have likely lowered interest rates if not for Trump’s tariffs.
President Trump inherited high inflation, a stalled economy, and high unemployment from Joe Biden, and Fed Chairman Jerome Powell is refusing to slash interest rates.
The Fed can stimulate the economy and the real estate market by lowering interest rates, however, Chairman Jerome Powell has left interest rates unchanged since Trump was sworn into office this year.
Trump slammed Powell once again, pointing to a report he’s been referencing lately that shows 71 economists overwhelmingly predicted that inflation would continue to rise and cash would not be flowing into the country the way is is now. As The Gateway Pundit reported, the Trump Administration made history with U.S. customs duty collections topping $100 billion for the first time ever in a fiscal year– and he hasn’t even been in the White House for six months.
NEW: Fiscal Year 2025 Duty Collections Top $100 BILLION for First Time in History – June Sees $27 Billion in Tariff Revenue
Watch below:
Reporter: Fed Chairman Jerome Powell, when was the last time you spoke with him?
Trump: When he was in my office.
Reporter: And what did you tell him when he was in your office?
Trump: I told him he’s doing a very bad job. He’s way late. That’s why I call him “Too Late.” Jerome Powell is too late. He’s way late. Interest rates should be coming down. We have a very,very successful country. We should have the lowest interest rate anywhere in the world, and we don’t. Jerome Powell has done a terrible job, and, frankly, I don’t think he could do a worse job. He’s called everything wrong. So, they had a report come out the other day, 71 different economists and me. You know who was right? Me. Did you know that? I was right.
Reporter: Are you going to appoint Mr. Powell to another term as Fed Chair?
Trump: You must be kidding! You must be kidding. That’s a funny one coming from you. You had to waste a question like that.
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