Trump says he can’t let feeding chairman Jerome Powell lower interest rates

President Donald Trump is still tired of the Fed because he doesn’t participate in his long-term and extraordinary stress campaign.

Before the central bank The latest decision on interest ratesS, Trump Wednesday An attack was carried out on Fed Chairman Jerome Powell. He insulted Powell and thought of the idea of ​​installing himself as a Fed chair. He also said that if he was in the position, he would lower the interest rate by 2.5 percentage points.

“Frankly, we have a stupid guy. He probably won’t cut it today. … Maybe I should go to the Fed. Am I allowed me to appoint myself at the Fed?” Trump said outside the White House.

Trump continued his backup remarks and said anything he had put pressure on the central bank successfully had successfully lowered interest rates. “Now, we have someone who refuses to lower the Fed rate and just refuses to do that,” he said. “He’s not a smart guy. I don’t even think he’s political. I think he hates me, but that’s OK.”

Trump continued: “He should call him every name he has and try to make him do something. I’m kind to him. I do it in every aspect of the book.

The Fed did not immediately respond to a request for comment.

Few people expect The Fed ended its two-day meeting to lower interest rates from the Fed. The Fed is sitting in tension to better measure the impact of Trump’s policy, including the tariff measures he deployed, on the U.S. economy before deciding to lower interest rates. Inflation is still above the Fed’s 2% target. The central bank operates independently.

Trump first nominated Powell in 2017. Powell visited Trump last month at a rare meeting. In a statement after the meeting, the Fed said Powell did not discuss details about monetary policy, “emphasizing that the policy path will depend entirely on the incoming economic information and what it means for the prospect.”