{"id":52115,"date":"2025-05-09T04:51:31","date_gmt":"2025-05-09T04:51:31","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/trump-too-late-powell-is-failing-the-economy\/"},"modified":"2025-05-09T04:51:31","modified_gmt":"2025-05-09T04:51:31","slug":"trump-too-late-powell-is-failing-the-economy","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/trump-too-late-powell-is-failing-the-economy\/","title":{"rendered":"Trump: \u2018Too Late Powell\u2019 Is Failing the Economy"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Donald Trump has reignited his feud with Federal Reserve Chair Jerome Powell, slamming the central bank\u2019s decision to keep interest rates unchanged and mocking Powell\u2019s leadership.<\/p>\n<hr\/>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>The Fed held rates steady at 4.25\u20134.5%, citing inflation and job market concerns.<\/strong><\/em><\/li>\n<li><em><strong>Trump called Powell \u201ca fool\u201d and said talking to him is \u201clike talking to a wall.\u201d<\/strong><\/em><\/li>\n<li><em><strong>Trump argues other countries are cutting rates while the Fed delays action.<\/strong><\/em><\/li>\n<\/ul>\n<hr\/>\n<p>Trump did not hold back in his latest criticism of Jerome Powell, turning to Truth Social to call the Fed chair <em>\u201ca fool\u201d<\/em> who <em>\u201cdoesn\u2019t have a clue.\u201d<\/em> The comment came just one day after the Federal Open Market Committee (FOMC) announced its decision to keep the federal funds rate steady at 4.25\u20134.5%.<\/p>\n<p>The Fed explained that it was trying to balance inflation control with job market strength. In a statement, the FOMC said, <em>\u201cUncertainty about the economic outlook has increased further. The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen.\u201d<\/em><\/p>\n<p>The Federal Reserve has not raised interest rates since late 2023 and last made a cut of 0.25% in December.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Speaking to reporters on Thursday, Trump continued his criticism, saying, <em>\u201cThe Bank of England cut. China cut. Everybody\u2019s cutting but him. I don\u2019t know, we\u2019ll see what happens. It\u2019s a shame.\u201d<\/em><\/p>\n<p>Trump also gave Powell a new nickname: <em>\u201cToo Late Powell.\u201d<\/em> He added, <em>\u201cHe\u2019s always too late. But in this case, it\u2019s not going to matter that much because our country is so strong, we\u2019re so powerful in terms of economic strength and what we\u2019ve done.\u201d<\/em><\/p>\n<p>Trump\u2019s comments reflect a broader frustration among some in the business and political world who believe that the Fed\u2019s current approach is too cautious in the face of global rate-cutting trends.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/trump-slams-fed-chair-as-fool-over-rate-freeze\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Donald Trump has reignited his feud with Federal Reserve Chair Jerome Powell, slamming the central bank\u2019s decision to keep interest rates unchanged and mocking Powell\u2019s leadership. Good to know The Fed held rates steady at 4.25\u20134.5%, citing inflation and job market concerns. Trump called Powell \u201ca [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":42730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52115"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=52115"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/42730"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=52115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=52115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=52115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}