The president escalated his attack on Federal Reserve Chairman Jerome Powell to lower interest rates while his administration continued to accuse Powell of improper spending on renovations at the institution.
Powell had adopted a wait-and-see position on interest rates in anticipation that inflation might increase as a result of the tariffs imposed by President Donald Trump. On Tuesday, the president continued his rhetorical jab at Powell, despite a report showing an increase in inflation.
‘He’s a knucklehead. Stupid guy. He really is.’
“We should have the lowest interest rate anywhere in the world. Jerome Powell has done a terrible job. And frankly, I don’t think he could do a worse job. He’s called everything wrong,” the president said to reporters.
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“So they had a report
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