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Trump Blasts Fed Chair Powell, Demands Urgent Rate Cuts

6/13/2025

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Summary

Story summary

In a fiery speech, President Donald Trump slammed Federal Reserve Chair Jerome Powell, labeling him a “numbskull” for resisting interest rate cuts. Trump warned of potential drastic actions if Powell doesn’t relent, arguing that lowering rates could save the nation hundreds of billions. Meanwhile, the Fed stands firm, waiting for crucial economic data.

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Story summary

In a fiery speech, President Donald Trump slammed Federal Reserve Chair Jerome Powell, labeling him a “numbskull” for resisting interest rate cuts. Trump warned of potential drastic actions if Powell doesn’t relent, arguing that lowering rates could save the nation hundreds of billions. Meanwhile, the Fed stands firm, waiting for crucial economic data.