Trump on Thursday continued his pressure campaign against Federal Reserve chairman Jerome Powell after the central bank once again declined to lower interest rates over fears of inflation due to tariffs.
On social media, Trump called Powell a “fool.” In the Oval Office, Trump said talking to Powell is “like talking to a wall.”
National Economic Council director Kevin Hassett told Fox News’ Laura Ingraham that Powell’s moves are political, rather than economic, and meant to sabotage the Trump administration.
“To have the Fed out there jawboning against the president’s policies, you know, they didn’t do that when Joe Biden was printing money and spending it and creating 20 percent inflation,” Hassett said. “And so, it just makes me wonder about, like, what’s wrong with their models or what’s wrong with their politics?”
💡Perspectives:
• The Atlantic: The impossible plight of pro-tariff Democrats.
• The Hill: Trump’s apprenticeship plan boost the economy.
• The New Republic: How the U.S. lost the rare Earth materials race to China.
• The Wall Street Journal: Trump’s worst idea since tariffs.• The Nation: The culture war furies behind Trump’s film-tariff plan.
