Trump directly called Powell a "numbskull," "idiot," and "someone who is obviously hostile to Trump" in a post. According to AFP, Trump has been increasingly dissatisfied with Powell's reluctance to lower interest rates. On Friday (June 20), he posted a lengthy message on the social media platform Truth Social, expressing his confusion as to why the Federal Reserve Board of Governors does not overturn Powell.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Trump directly called Powell a "numbskull," "idiot," and "someone who is obviously hostile to Trump" in a post. According to AFP, Trump has been increasingly dissatisfied with Powell's reluctance to lower interest rates. On Friday (June 20), he posted a lengthy message on the social media platform Truth Social, expressing his confusion as to why the Federal Reserve Board of Governors does not overturn Powell.