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Trump says Fed Chair Powell ‘costing America billions’; slams him for not cutting rates

IndiaTimes Thursday, 19 June 2025 ()
US president Trump criticised Federal Reserve Chairman Jerome Powell for not cutting interest rates, labeling him a "real dummy" and blaming him for economic harm. This came after the Fed decided to hold steady, citing a need to monitor inflation and the impact of new tariffs. The Fed also revised its economic outlook, lowering growth forecasts and raising inflation expectations.
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Video Credit: euronews (in English) - Published
News video: US Federal Reserve keeps interest rates unchanged as it awaits the impacts of Trump's global tariffs

US Federal Reserve keeps interest rates unchanged as it awaits the impacts of Trump's global tariffs 02:00

US Federal Reserve keeps interest rates unchanged as it awaits the impacts of Trump's global tariffs Trump has slammed the US Federal Reserve Board chief Jerome Powell, calling him “stupid”, as the federal agency holds off on interest rate changes as it anticipates economic decline in the wake...

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