US President Donald Trump has once again criticized Federal Reserve Chairman Jerome Powell, highlighting the need for changes in interest rate policy.
Criticism of Fed Policies
Trump expressed dissatisfaction with Powell's approach to interest rates, indicating that the economy is in good shape and rates need to be cut. He pointed out that aggressive actions to cut rates could help improve the economic situation.
Trump's Statements on Powell
During one of his speeches, the president did not hold back in his harsh words towards Powell, calling him 'a very stupid person' and pointing out his low IQ for the job. 'We will be paying for him for years! [...] He didn't want to just lower the interest rate instead of paying $900 billion!' - Trump stated.
Candidates to Replace the Fed Chair
In addition to criticism, Trump also mentioned the possibility of replacing Powell, stating that he has candidates in mind for the position. He confirmed that he has begun interviewing several potential candidates, having previously interviewed three or four of them.
Trump's criticism of Jerome Powell again highlights the strained relationship between the president and the Fed chairman as questions on economic policy remain relevant.
