Former US President Donald Trump launched a fierce attack against Federal Reserve Chair Jerome Powell, accusing him of failing to manage inflation and bank regulation effectively.
Trump's Reaction to Fed's Decision
The criticism came shortly after the Fed announced its decision to keep interest rates unchanged, despite Trump's public demands for cuts.
Accusations Against Powell
Trump blamed Powell for creating inflation issues and ineffective bank regulation. He promised to address these problems by focusing on American energy and manufacturing.
Powell's Response to Criticism
At a press conference, Powell described the situation as stable and stated he did not plan to engage with Trump's statements, calling it inappropriate. He confirmed that he had not communicated with Trump.
The ongoing feud between Trump and Powell continues to raise questions about the role of the president in setting interest rates.
