US president Trump criticised Federal Reserve Chairman Jerome Powell for not cutting interest rates, labeling him a "real dummy" and blaming him for economic harm. This came after the Fed decided to hold steady,

President Trump has increasingly pointed to rate cuts by other central banks as he pressures Jerome H. Powell, the Fed chair, to reduce borrowing costs.

US President Donald Trump slams US Federal Reserve Chair Jerome Powell on Thursday over unchanged interest rates. "Too Late—Powell is the WORST. A real dummy, who’s costing America $Billions!," Trump wrote on Truthsocial.