Trump Calls Powell ‘A Stiff’ as He Demands Super-Sized Rate Cuts

President Trump blasted the Federal Reserve’s quarter-point rate cut as too timid, saying it should have been “at least doubled”.

Transcript

00:00President Trump blasted the Federal Reserve's quarter-point rate cut as too timid,

00:04saying it should have been, quote, at least doubled,

00:06and criticized Chair Jerome Powell as, quote, a stiff.

00:10At a White House CEO roundtable, the president said he wants a successor

00:13who will be, quote, honest with interest rates,

00:17as he interviews top contenders Kevin Warsh and Kevin Hassett for the Fed chair role.

00:21His remarks came after a divided Fed delivered its third cut of the year,

00:25with members split between no change and a larger reduction.

00:28Powell defended the move as a close call

00:31and pointed to Trump's own tariffs as a factor behind elevated inflation.