Latest news with #TrumpHater
New Straits Times
2 hours ago
- Business
- New Straits Times
Trump threatens to fire Fed chair Powell, calls him 'numbskull'
WASHINGTON: US President Donald Trump escalated his criticism of Federal Reserve Chair Jerome Powell on Friday – publicly mulling whether to fire the official and appoint himself to the central bank. The Republican leader, who regularly berates Powell over the bank's decisions not to lower interest rates, took to Truth Social to smear the banker as a "numbskull," "moron" and "obvious Trump Hater." "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," said Trump, who appointed Powell during his first term. "I've been nice, I've been neutral, and I've been nasty, and nice and neutral didn't work!" Powell's term does not conclude until next year. He has said his dismissal would be unlawful, and that he has no intention of stepping down voluntary if Trump asks. "I don't know why the Board doesn't override this Total and Complete Moron!" Trump posted. "Maybe, just maybe, I'll have to change my mind about firing him? But regardless, his Term ends shortly!" Trump lashed out after the Fed held interest rates steady for a fourth consecutive meeting on Wednesday, forecasting higher inflation and cooler growth as Trump's tariffs take hold. The projections were its first since Trump unleashed sweeping 10 per cent tariffs on almost all trading partners in April.--AFP
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First Post
6 hours ago
- Business
- First Post
Trump hints firing Fed Reserve Chair Jerome Powell, calls him 'numbskull'
The Republican leader, who regularly berates Powell over the bank's decisions not to lower interest rates, took to Truth Social to smear the banker as a 'numbskull,' 'moron' and 'obvious Trump Hater' read more US President Donald Trump arrives to attend the G7 Leaders' Summit at the Rocky Mountain resort town of Kananaskis, Alberta, Canada, June 15, 2025. File Image/Reuters US President Donald Trump escalated his criticism of Federal Reserve Chair Jerome Powell on Friday – publicly mulling whether to fire the official and appoint himself to the central bank. The Republican leader, who regularly berates Powell over the bank's decisions not to lower interest rates, took to Truth Social to smear the banker as a 'numbskull,' 'moron' and 'obvious Trump Hater.' '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,' said Trump, who appointed Powell during his first term. STORY CONTINUES BELOW THIS AD 'I've been nice, I've been neutral, and I've been nasty, and nice and neutral didn't work!' Powell's term does not conclude until next year. He has said his dismissal would be unlawful, and that he has no intention of stepping down voluntary if Trump asks. 'I don't know why the Board doesn't override this Total and Complete Moron!' Trump posted. 'Maybe, just maybe, I'll have to change my mind about firing him? But regardless, his Term ends shortly!' Trump lashed out after the Fed held interest rates steady for a fourth consecutive meeting on Wednesday, forecasting higher inflation and cooler growth as Trump's tariffs take hold. The projections were its first since Trump unleashed sweeping 10 percent tariffs on almost all trading partners in April.
The Sun
7 hours ago
- Business
- The Sun
Trump floats firing ‘numbskull' Fed chair Powell
WASHINGTON: US President Donald Trump escalated his criticism of Federal Reserve Chair Jerome Powell on Friday -- publicly mulling whether to fire the official and appoint himself to the central bank. The Republican leader, who regularly berates Powell over the bank's decisions not to lower interest rates, took to Truth Social to smear the banker as a 'numbskull,' 'moron' and 'obvious Trump Hater.' '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,' said Trump, who appointed Powell during his first term. 'I've been nice, I've been neutral, and I've been nasty, and nice and neutral didn't work!' Powell's term does not conclude until next year. He has said his dismissal would be unlawful, and that he has no intention of stepping down voluntary if Trump asks. 'I don't know why the Board doesn't override this Total and Complete Moron!' Trump posted. 'Maybe, just maybe, I'll have to change my mind about firing him? But regardless, his Term ends shortly!' Trump lashed out after the Fed held interest rates steady for a fourth consecutive meeting on Wednesday, forecasting higher inflation and cooler growth as Trump's tariffs take hold. The projections were its first since Trump unleashed sweeping 10 percent tariffs on almost all trading partners in April.
Straits Times
7 hours ago
- Business
- Straits Times
Trump floats firing ‘numbskull' Fed chair Jerome Powell
Mr Jerome Powell's term as chairman of the US Federal Reserve does not conclude until next year. PHOTO: REUTERS WASHINGTON - US President Donald Trump escalated his criticism of Federal Reserve Chair Jerome Powell on June 20 – publicly mulling whether to fire the official and appoint himself to the central bank. The Republican leader, who regularly berates Mr Powell over the bank's decisions not to lower interest rates, took to Truth Social to smear the banker as a 'numbskull,' 'moron' and 'obvious Trump Hater'. '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,' said Mr Trump, who appointed Mr Powell during his first term. 'I've been nice, I've been neutral, and I've been nasty, and nice and neutral didn't work!' Mr Powell's term does not conclude until next year. He has said his dismissal would be unlawful, and that he has no intention of stepping down voluntarily if Mr Trump asks. 'I don't know why the Board doesn't override this Total and Complete Moron!' Mr Trump posted. 'Maybe, just maybe, I'll have to change my mind about firing him? But regardless, his Term ends shortly!' Mr Trump lashed out after the Fed held interest rates steady for a fourth consecutive meeting on June 18, forecasting higher inflation and cooler growth as Trump's tariffs take hold. The projections were its first since Mr Trump unleashed sweeping 10 per cent tariffs on almost all trading partners in April. AFP Join ST's Telegram channel and get the latest breaking news delivered to you.
The Hill
9 hours ago
- Business
- The Hill
Trump: ‘Maybe I'll have to change my mind' about firing Powell
President Trump on Friday floated the possibility of firing Federal Reserve Chairman 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' central bank rate compared to other nations. 'I don't know why the Board doesn't override this Total and Complete Moron!' Trump added 'Maybe, just maybe, I'll have to change my mind about firing him? But regardless, his Term ends shortly!' Powell's term ends in 2026. He said last November he would not step down if Trump asked, and that it is 'not permitted under the law' for the president to fire or demote him or any of the other Fed governors with leadership positions. Trump in April said he had no intention of firing Powell, though he has in recent days ratcheted up his criticism amid frustration over the Fed's handling of interest rates. Fed officials kicked off the year expecting to continue cutting interest rates as inflation drifted back toward its ideal annual level of 2 percent. But the bank has held off through the first half of 2025 amid the uncertainty driven by Trump's tariff plans. Powell reiterated his call for patience Wednesday, after the Fed kept rates steady once again.
