Trump Rages at Fed Chair Powell After Fed Holds Rates Steady

Trump lashed out at Fed Chair Jerome Powell on Thursday following the central bank’s decision to hold interest rates steady, according to Axios. On Truth Social, the president unleashed a stream of insults at Powell and undermining the Fed chair's leadership at the central bank. Trump accused Powell of draining trillions from the economy and tied him to what he described as a historically corrupt building renovation. The $2.5 billion headquarters project has become a flashpoint, with the administration signaling it could serve as grounds to remove Powell. The two toured the site last week in hard hats, ending in a public argument over which expenses were included in the cost overruns. Powell has not addressed Trump’s personal attacks and continues to emphasize the Fed’s independence.