Trump fumes at 'moron' Jerome Powell over interest rates

President Donald Trump on Thursday again excoriated Federal Reserve Chairman Jerome Powell over his hesitance to lower interest rates, marking the latest in a string of criticisms.

Powell became the subject of a federal criminal probe this year in connection with the renovation of the Federal Reserve building. He has called the investigation an act of pressure to convince him to resign. Trump has repeatedly suggested he could fire Powell, though his authority to do so remains the subject of debate.

"Jerome 'Too Late' Powell again refused to cut interest rates, even though he has absolutely no reason to keep them so high," Trump said on Truth Social. "He is hurting our Country, and its National Security. We should have a substantially lower rate now that even this moron admits inflation is no longer a problem or threat."

"He is costing America Hundreds of Billions of Dollar a year in totally unnecessary and uncalled for INTEREST EXPENSE," he went on. "Because of the vast amounts of money flowing into our Country because of Tariffs, we should be paying the LOWEST INTEREST RATE OF ANY COUNTRY IN THE WORLD. Most of these countries are low interest rate paying cash machines, thought of as elegant, solid, and prime, only because the U.S.A. allows them to be."

Trump further insisted that his tariffs would be effective both at raising revenue for the U.S. and encouraging allies to develop healthier economies.

"The Fed should substantially lower interest rates, NOW!" he concluded. "Tariffs have made America strong and powerful again, far stronger and more powerful than any other Nation. Commensurate with this strength, both financial and otherwise, WE SHOULD BE PAYING LOWER INTEREST RATES THAN ANY OTHER COUNTRY IN THE WORLD! Thank you for your attention to this matter."

Ben Whedon is the Chief Political Correspondent at Just the News. Follow him on X.