Trump Calls Fed Chair Jerome Powell a ‘Numbskull,’ Claims Lack of Rate Cuts Are Costing US $600,000,000,000 a Year

{"id":"https://dailyhodl.com/?p=334595","title":"Trump Calls Fed Chair Jerome Powell a ‘Numbskull,’ Claims Lack of Rate Cuts Are Costing US $600,000,000,000 a Year","primaryLink":"https://dailyhodl.com/2025/06/13/trump-calls-fed-chair-jerome-powell-a-numbskull-claims-lack-of-rate-cuts-are-costing-us-600000000000-a-year/","links":["https://dailyhodl.com/2025/06/13/trump-calls-fed-chair-jerome-powell-a-numbskull-claims-lack-of-rate-cuts-are-costing-us-600000000000-a-year/"],"updatedOn":"0001-01-01 00:00:00Z","publishDate":"2025-06-13 16:55:02Z","summary":"

US President Donald Trump has more insults for Federal Reserve Chair Jerome Powell. At a bill signing ceremony on Thursday, Trump claimed the government would save $600 billion a year in short-term debt payments if Powell lowered the federal funds rate by 2 percentage points. In May, the Federal Open Market Committee (FOMC) announced that […]

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The post Trump Calls Fed Chair Jerome Powell a ‘Numbskull,’ Claims Lack of Rate Cuts Are Costing US $600,000,000,000 a Year appeared first on The Daily Hodl.

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