Trump says that the Federal Reserve Speaker Powell is “low intelligence” and maintains interest rates very high

president Donald Trump On Wednesday, Federal Reserve Chairman Jerome Powell criticized as Chairman of the Central Bank in front of the Senate Committee.

“I think it is terrible,” Trump said in response to a question from a reporter during a press conference at the NATO Summit at the NATO Summit in The Hague.

Trump has repeated his criticism of a height to maintain interest rates very high, saying that the country will have to pay more for debts.

“We will finally finish paying two or three points,” Trump said. “Three points will be about 900 billion dollars annually because of this very ordinary person – he is an average mental person. I would like to say low in terms of what he is doing. The intelligence rate decreases for what he is doing.”

Trump explodes the President of the Federal Reserve, “Ghabb”, Jerome Powell before the interest rate decision

Trump also said that the United States currently has.Huge economyAnd “do not enlarge”, and it has alternatives to the height. The term Powell as the Federal Reserve Kurds ends In May 2026, while his term ended as a member of the Federal Reserve on January 31, 2028.

“I know within three or four people I will choose,” the president said. “It comes out soon, fortunately, because I think it is terrible.”

Trump previously targeted Powell on Tuesday before his testimony to the Financial Services Committee in the House of Representatives.

“I hope that Congress will really work this very stupid person who heads him. We will pay for his incompetence for many years to come. The president said in a post on the social truth.

Vice President JD Vance was also weighing on Tuesday night. In the X Publication, he requested an argument about the reason for reducing interest rates in the Federal Reserve before the 2024 elections and suggested possible political motives. “I would like to hear an argument about the reason that Powell reduces the rates of 50 points before the elections, but I cannot do this now with low inflation,” Vans wrote.

Trump pushes Congress to work on the head of the Federal Reserve “very stupid, who is difficult” before the testimony

During his testimony on Tuesday, Powell said that the economy is in a “strong situation” as the central bank monitors inflation and labor market data to obtain signs that it needs to control monetary policy.

“Despite the high uncertainty, the economy is in a strong position. The unemployment rate is still low, and the labor market is in or near the maximum employment,” Powell said in his opening remarks.

“The inflation has decreased significantly, but it has exceeded our 2 % longer goal. We are interested in the dangers of both sides of our double mandate,” the president said, referring to the dual authorization of the Federal Reserve.

The Federal Reserve leaves the main interest rates without change in the fourth consecutive meeting

The Federal Reserve was affected by reducing interest rates due to uncertainty about commercial policy, as Trump imposed a tariff on American trading partners. Definitions are taxes on imports that the importer pays in general, which often passes or all of these additional costs for consumers.

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“We expect Introduction inflation To show more, but I want to be honest, we don’t really know how much it will be transferred to consumers. We do not, and we will not even see it. It can be less than we expected, it can be higher. “We have to wait and see any kind of what we do,” Powell explained.

The three interest rate discounts were discussed at the Federal Reserve in the past year-including the reduction in 50-Basis points in September in addition to the discounts at the bus points in November and December-when he asked the legislator whether the conditions are similar now and may lead to a price reduction.