Trump blasts Powell as a "fool": The Federal Reserve (FED) should cut rates by 100 basis points at once, the U.S. is losing billions of dollars.

After the Fed stood still, Trump criticized Powell as a "fool", exposing the sharp confrontation between the White House and the central bank on the issue of interest rate cuts, and once again raising doubts about the independence of the Fed. (Synopsis: "Trump-branded mobile phone" tied encryption: self-fattening money printing press, or emulating Solana's wealth code? (Background added: Don't be afraid of Bauer!) After the US Federal Reserve kept its benchmark interest rate unchanged at 4.25% to 4.5% on June 18, President Donald Trump immediately posted an article on social media, criticizing Chairman Jerome Bauer with "Mr. Too Late" and "Fool", accusing the current monetary policy of "losing billions of dollars" to the country. This rare public conflict between the president and the central bank once again puts the Fed's independence under a magnifying glass. Trump is full of fire After the decision was announced, Trump posted a number of posts, and he also forwarded articles from Fannie Mae and Freddie Mac regulators, advocating "resignation without cutting interest rates." The tone of the attack was personalized, with the focus on Bauer's refusal to cut rates immediately. "'Mr. Too Late' Bauer is the worst, he's such an idiot who is costing the United States billions of dollars!" The Fed should cut rates by 10 yards at a time... Europe has cut rates ten times, and you probably won't cut rates today. High interest rate pressure spreads Mortgage rates are approaching 7%, almost double what they were a few years ago, and the director of the (FHFA) of the Federal Housing Finance Agency publicly demanded that Bauer cut interest rates, and through National Mortgage News, he choked "don't cut it." Trump has tied high interest rates to federal borrowing costs, saying the administration loses "hundreds of billions of dollars a year." Despite rising external pressures, the Fed has only announced up to two rate cuts of 0.25 percentage points each this year. The Federal Reserve stands still At a press conference after the meeting, Bauer said that while the U.S. economy is still on a solid footing, trade tariffs and geopolitical uncertainty are rising, and the full impact "will take months to see." As a result, the Board decided to stay on the sidelines and revise its growth forecast downward for 2025, while raising its inflation and unemployment valuations. This is in sharp contrast to Trump's demand for a quick rate cut. TipRanks analysis pointed out that Trump's remarks may increase market volatility, especially for interest-rate sensitive stocks. Although the president has threatened to fire Powell, Powell has repeatedly stressed that he will complete his term, reiterating that the goal is "price stability and maximum employment." Under political pressure and economic data, the Fed's independent decision-making mechanism is still facing a severe test. Trump's confrontation with Powell underscores tensions between politics and monetary policy. In the short term, it seems that the Fed will not immediately adjust interest rates due to outside noise, but this dispute has cast more uncertainties on the future direction of policy. Related Stories Fed Rates Unchanged in June" What does Ball and Fed dot plot reveal? Bitcoin $105,000 shakes the next Fed chairman is Trump Ai will "Treasury Secretary Becent"? The White House urgently clarified that Powell will step down in May next year, and Trump will use "force against Iran"? The White House National Security Council discussed the bombing of Iranian nuclear facilities, and Bitcoin once lost $104,000 (Trump opens Bauer "stupid": the Fed should drop ten yards at a time, and the United States is losing billions of dollars) This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".