Trump Rips Into ‘DEADHEAD’ Fed Reserve Chief Jerome Powell| Demands Deeper Rate Cuts to Boost Growth

Trump blasted Federal Reserve Chair Jerome Powell after the central bank approved a quarter-point rate cut, calling the move weak and insufficient to lift U.S. growth. Speaking to business leaders, he said the cut should have been “doubled, at least doubled,” accusing the Fed of slowing expansion by keeping borrowing costs too high. Trump argued policymakers are overly fearful of inflation and insisted the economy could grow far faster. He again labelled Powell a “stiff” and “deadhead.”

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Transcript

00:00We announced good results. The market should go up.

00:04Now it's when you announce good results, Michael, the market goes down because they say,

00:07oh, that means things are good. That means we're going to kill it by raising interest rates.

00:12We fight that, and yet interest rates are going down.

00:17Except with him, not too much. He did a rather, I would say, a rather small number that could have been doubled, at least doubled.

00:27I think the rates for the United States are always the lowest in the world, because without us, there is no world.

00:33Without this economy, there's no world.

00:36Toyota just announced $10 billion in plants, built various couple of locations, few locations in the country, just a little while ago.

00:47They're all coming here. They're coming here because of tariffs, because they don't want to pay tariffs,

00:50but they're coming here because of the election and the mindset.

00:53But when we announced good results, the market should go up.

00:59Now it's when you announced good results, Michael, the market goes down because they say, oh, that means things are good.

01:04That means we're going to kill it by raising interest rates.

01:07I think it's really wrong. It should be the opposite of what it is now.

01:11It should be the way it used to be.

01:13We announced good results. The market should go up,

01:15and we should keep driving it up and have it keep going up and let it be much, much bigger, much, much better.

01:23And, you know, growth doesn't mean inflation.

01:27They're always afraid that, oh, we have.

01:30And if there is inflation, that's OK.

01:31Then we can slow it down.

01:33But we should be able to do a lot better than three and four.

01:38We're scheduled to be at four percent, which is pretty amazing because we have a, you know, deadhead Fed here.

01:46I mean, this guy, the head of the Federal Reserve is a stiff.

01:51And, you know, you fight that.

01:54It's amazing.

01:55We fight that, and yet interest rates are going down, except with him, not too much.

02:02He did a rather, I would say, a rather small number that could have been doubled, at least doubled.

02:10And that's the other thing.

02:11I think the rates for the United States are always the lowest in the world because without us, there is no world.

02:17Without this economy, there's no world.

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Trump Rips Into ‘DEADHEAD’ Fed Reserve Chief Jerome Powell| Demands Deeper Rate Cuts to Boost Growth

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