As the Federal Reserve chairman refused to acknowledge the economic reality in which millions of Americans live, President Donald Trump slammed Jerome Powell as a “fool.”
The Fed’s decision to maintain high rates flies in the face of the president’s economic vision for American prosperity.
This clash highlights the ongoing battle between his America-first policies and unelected bureaucrats controlling the nation’s financial future.
President Trump took to Truth Social to express his frustration with Powell’s decision to keep interest rates unchanged.
“‘Too Late’ Jerome Powell is a FOOL, who doesn’t have a clue. Other than that, I like him very much!” Trump wrote on his social media platform, calling out Powell’s refusal to lower rates despite favorable economic conditions.
“Oil and Energy way down, almost all costs (groceries and “eggs”) down, virtually NO INFLATION, Tariff Money Pouring Into the U.S. — THE EXACT OPPOSITE OF ‘TOO LATE!’ ENJOY!” he added.
The Federal Reserve announced it would maintain its benchmark interest rate between 4.25% to 4.5%, a range that has remained unchanged since December.
Powell and the Fed justified their actions by citing concerns about inflation and unemployment despite evidence that the economy is ready for rate cuts that would benefit American families and businesses.
President Trump specifically challenged Powell’s inflation fears, pointing to falling energy costs and explaining how his strategic tariff policies are actually designed to strengthen America’s economic position rather than drive up prices.
“Too Late” Jerome Powell is a FOOL, who doesn’t have a clue. Other than that, I like him very much! Oil and Energy way down, almost all costs (groceries and “eggs”) down, virtually NO INFLATION, Tariff Money Pouring Into the U.S. — THE EXACT OPPOSITE OF “TOO LATE!” ENJOY! pic.twitter.com/Gah3BJg34W
— TRUMP ALERTS (@TrumpAlertsX) May 8, 2025
The president’s economic vision is in stark contrast to the Fed’s overcautious approach, which keeps borrowing costs unnecessarily high for everyday Americans.
In a separate interview, President Trump confirmed he would not remove Powell from his position despite referring to him as a “total stiff.”
The irony of the situation is not lost on conservative observers. Initially appointed by President Trump and later reappointed by Joe Biden in 2022, Powell now stands as an obstacle to the economic growth agenda that made President Trump’s first term so successful.
Although Powell claims the Fed’s resistance to lowering rates is data-driven, it appears politically motivated.
Americans deserve a Federal Reserve that works for them, not against them.
Powell’s decision to maintain high interest rates hurts families trying to buy homes, small businesses seeking expansion capital, and consumers dealing with credit card debt.
While Powell hides behind technical language about “economic uncertainties,” President Trump continues to speak plainly about what everyday Americans already know: it is time for lower rates.
The Fed’s independence should not mean immunity from legitimate criticism.
Critics argue that Powell deserves to be called out because he ignores obvious economic signals and keeps rates artificially high.
