‘Stubborn mule’: Trump blasts Fed Chair Powell, demands 1% rate cut, hints at replacing him soon
US President Donald Trump lashed out at Federal Reserve Chair Jerome Powell, calling him a ‘stubborn mule’ and a ‘stupid person’ while demanding a 1% interest rate cut. Trump has repeatedly attacked Powell over high interest rates, claiming they hurt the economy. Though Fed chairs are protected from removal without cause, Trump has often threatened to fire Powell. With Powell’s term ending in May 2026, Trump is likely to nominate a successor soon
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