{"id":1542450,"date":"2025-06-18T17:00:00","date_gmt":"2025-06-18T21:00:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1542450"},"modified":"2025-06-18T17:00:00","modified_gmt":"2025-06-18T21:00:00","slug":"trump-slams-stupid-powell-i-think-he-hates-me-i-call-him-every-name-in-the-book-to-try-and-get-him-to-cut","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/trump-slams-stupid-powell-i-think-he-hates-me-i-call-him-every-name-in-the-book-to-try-and-get-him-to-cut\/1542450\/","title":{"rendered":"Trump Slams “Stupid” Powell: “I Think He Hates Me. I Call Him Every Name In The Book To Try And Get Him To Cut”"},"content":{"rendered":"

Trump Slams “Stupid” Powell: “I Think He Hates Me. I Call Him Every Name In The Book To Try And Get Him To Cut”<\/span><\/p>\n

\n

Just hours before the Fed is expected to keep rates unchanged and, worse, telegraph a hawkish bias by indicating just one rate cut for the rest of 2025 (down from two) in its latest dot plot,\u00a0the first since Liberation Day, <\/strong>President Trump leveled his latest broadside at Fed Chair Jerome Powell.<\/p>\n

With markets and economists widely expecting the Fed to stand pat on rates, Trump acknowledged that, saying: “I don’t expect anything” but in his brief remarks at the White House, Trump also wondered aloud if he was “allowed to appoint myself”<\/strong> at the Fed, claiming he’d do a “much better job” than Powell, whom the president appointed in 2018, and whom he slammed as a numbskull in his most recent public comments.<\/p>\n

“Am I allowed to appointment myself at the Fed,\u201d he continued. \u201cI\u2019d do a much better job than these people.”<\/p>\n

\u201cHe just refuses to lower rates. I don\u2019t even think he\u2019s political, I think he hates me. He probably should, I call him every name in the book to try and get him to cut” Trump lamented.<\/p>\n

President Trump on Fed Chair Powell: “We have a stupid person, frankly, at the Fed. He probably won’t cut today…Maybe I should go to the Fed. Am I allowed to appoint myself at the Fed?” pic.twitter.com\/AXA9maxJou<\/a><\/p>\n

\u2014 CSPAN (@cspan) June 18, 2025<\/a><\/p>\n

Trump has frequently targeted Powell’s decisions and repeated that he wants the Fed to cut rates, with today going so far as to demand a 2.5% rate cut from Powell (which in typical Trump fashion is more of a negotiating position than an actual ask.)<\/p>\n

Responding to a question on Iran, Trump said that it’s not too late to strike a ceasefire deal, adding that caveat that “nothing is too late. The only thing too late is Powell. Powell is too late. Too late Powell.<\/strong>”\u00a0<\/p>\n

\u201cI would have never reappointed him. Biden reappointed him. I don\u2019t know why that is. But I guess maybe he was a Democrat,\u201d Trump said Wednesday of Powell, who counts himself a Republican even if his wife is reportedly suffering from a raging case of TDS.\u00a0<\/p>\n

\u201cYou know, I got great advice from Mnuchin on this one,\u201d he said of former Treasury Secretary Steven Mnuchin, who was the driving force behind Powell\u2019s nomination.<\/p>\n

Meanwhile, markets are abuzz with chatter that Trump will announce a replacement for Powell soon, in what would amount to a “shadow” Fed chair.\u00a0Powell’s term runs until May 15, 2026.\u00a0<\/p>\n

The next Fed chair is widely expected to make an extra effort to bring down interest rates, given how Trump has pushed for that repeatedly. But analysts warn that announcing the pick this summer – an unusually early rollout – could hurt the economy and markets. According to Polymarket, Kevin Hassett has a slight lead on Kevin Warsh in odds for the nomination for next Fed chair.<\/p>\n

<\/a><\/p>\n

U.S. stocks were heading higher mid-morning as Wall Street awaited the Fed and monitored the conflict between Iran and Israel.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 06\/18\/2025 – 13:00<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/trump-slams-stupid-powell-i-think-he-hates-me-i-call-him-every-name-book-try-and-get-him<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Trump Slams “Stupid” Powell: “I Think He Hates Me. I Call Him Every Name In The Book To Try And Get Him To Cut” Just…<\/p>\n","protected":false},"author":0,"featured_media":1542451,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1542450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1542450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1542450"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1542450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1542451"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1542450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1542450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1542450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}