Trump Absolutely Unleashes On Fed Chair Jerome Powell, Straight-Up Calls Him 'Stupid'

At a White House Faith Office luncheon on Monday, President Trump criticized Federal Reserve Chair, Jerome Powell.

Transcript

00:00I was in Qatar, Saudi Arabia, UAE, and then a month ago we were in Europe with all of the

00:08NATO countries, European countries, and plus Canada, and almost everyone said almost the

00:15exact same words. They said, one year ago, your country was dead. Terrible term, but that's what

00:24it is. Your country was dead. We thought it was finished. And now you've got the hottest country

00:31anywhere in the world. It's true. It's the hottest country. Did you see they found $25 billion of

00:37essentially profits last night? They said, where did it come from? It came from management, but it

00:43came from tariffs. And it came from, you know, good business skill. And I've always made money.

00:51Now I'm making it for you people. I've had good days and bad days, but in good days and

00:58bad days, I always found a way to make money. And we have to do that for our country. And

01:03we did $188 billion in, Scott, just now, $188 billion in tariffs. And we haven't even started

01:11yet. That's only for cars and steel. We actually have barely started. The economy is roaring.

01:18Business confidence is soaring. Incomes are up. Prices are down. And inflation is dead. It's

01:24dead. We have a bad Fed chairman, really bad. If he would lower the rates, if he would lower

01:31the rates. And I tried being nice to the guy. It doesn't help. He's like a knucklehead.

01:35Oh, he's a knucklehead. Stupid guy. He really is. You know, each point, think of this. Each

01:43point costs us $360 billion. Billion. One point, $360 billion. Two points, you've got $600,

01:55$700 billion. And we're way high. We're at $450 or $425? $450? And how do you go borrow money

02:08at 1% when the Fed has you at $450? And, you know, it's not that easy. I get angry at

02:14them. Why are we paying so much? You know, because he's got you up at this number. And

02:18we are the... We should always be the lowest. Now that we're doing great. We have no inflation.

02:26Think of it. Our stock market hit record highs. Everything's hitting a record high. We're really

02:31running good with no inflation. And we should be at one point. We should be at 1%. We should be less

02:38than 1%. I think Switzerland is the lowest at like one half of a percent. We should be lower

02:43because without us, there's no world. They're really... I don't want to sound overly aggressive,

02:47but without us, you have no world. And we put our country on solid footing.