Trump comes out swinging at Fed for not cutting interest rates

President Donald Trump blasted the Federal Reserve for creating the inflation crisis and then failing to “stop the problem” by cutting interest rates.

The president unloaded on the central bank and Chairman Jerome Powell for focusing on “DEI, gender ideology, ‘green energy, and fake climate change” rather than addressing inflation. His social media rebuke came after the Federal Reserve chose to hold interest rates steady on Wednesday rather than make a cut as Trump had wanted.

“Because Jay Powell and the Fed failed to stop the problem they created with Inflation, I will do it by unleashing American Energy production, slashing Regulation, rebalancing International Trade, and reigniting American Manufacturing, but I will do much more than stopping Inflation, I will make our Country financially, and otherwise, powerful again!” Trump wrote on Truth Social.

“The Fed has done a terrible job on Bank Regulation,” Trump’s post continued. “Treasury is going to lead the effort to cut unnecessary Regulation, and will unleash lending for all American people and businesses. If the Fed had spent less time on DEI, gender ideology, ‘green energy, and fake climate change, Inflation would never have been a problem. Instead, we suffered from the worst Inflation in the History of our Country!”

The president has not held back his criticism of the Fed or Powell and recently spoke again about how the U.S. was wealthier prior to 1913 and the creation of the central banking system.

“The Fed’s decision leaves the benchmark federal funds rate at a range of 4.25% to 4.5% and follows three consecutive interest rate cuts at the central bank’s most recent meetings — including a 50-basis-point cut in September as well as a pair of 25-basis-point reductions in November and December,” Fox Business reported.

“Recent indicators suggest that economic activity has continued to expand at a solid pace,” members of the Federal Open Market Committee (FOMC) wrote. “The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains somewhat elevated.”

Frieda Powers

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