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    Home»Markets»Trump Says Jerome Powell is a Costing America Trillions and is a “Whole Loser” ‣ BlockNews
    Trump Says Jerome Powell is a Costing America Trillions and is a “Whole Loser” ‣ BlockNews
    Markets

    Trump Says Jerome Powell is a Costing America Trillions and is a “Whole Loser” ‣ BlockNews

    By Crypto EditorAugust 1, 2025Updated:August 1, 2025No Comments3 Mins Read
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    • Trump blasted Fed Chair Jerome Powell as “too silly” and a “whole loser” after the Fed left rates of interest unchanged for the fifth straight assembly.
    • The Fed cited persistent inflation and tariff-driven worth pressures, whereas signaling it’s not prepared to chop charges regardless of Trump’s calls for.
    • June’s PCE information confirmed rising inflation, pushing the percentages of a September fee lower beneath 47% and weakening Trump’s case for speedy easing.

    Donald Trump didn’t maintain again. After the Federal Reserve left rates of interest unchanged for the fifth straight time, the previous president jumped onto Reality Social with a fiery takedown of Fed Chair Jerome Powell—somebody he appointed, however now often slams.

    🇺🇸 TRUMP: “TOO LATE” JEROME POWELL IS A TOTAL LOSER AND AMERICA IS PAYING THE PRICE — COSTING US TRILLIONS OF DOLLARS pic.twitter.com/igTj2RGA94

    — BlockNews (@blocknewsdotcom) July 31, 2025

    “Jerome ‘Too Late’ Powell has executed it once more!!!” Trump wrote. “He’s TOO LATE, TOO ANGRY, TOO STUPID, & TOO POLITICAL to be Fed Chair. He’s costing our nation TRILLIONS and overseeing some of the incompetent, perhaps corrupt, renovations ever.” After which the punchline: “Put one other manner, ‘Too Late’ is a TOTAL LOSER, and America’s footing the invoice!”

    So yeah… not precisely refined. And never stunning, both.

    What’s Behind the Fed’s Transfer?

    Regardless of mounting stress from Trump, the Fed stored its key rate of interest unchanged—once more—citing ongoing inflation dangers, the unknown ripple results of tariffs, and a powerful labor market.

    In a post-meeting press convention, Powell stated the central financial institution remains to be centered on bringing inflation again to its 2% objective, even because the financial system hums alongside. “We’re close to full employment,” he stated. “We’re ready to chop charges if the info turns, however we’re not there but.”

    He additionally added that tariffs are beginning to present up in shopper costs, pushing inflation greater. However he was cautious—“It’s not but clear whether or not these worth spikes are a one-off… or one thing extra persistent.”

    Trump’s Fee Lower Campaign

    Earlier that very same day, Trump was already gearing up. On Reality Social, he touted 3% GDP progress in Q2, calling it “WAY BETTER THAN EXPECTED!” and added: “‘Too Late’ MUST NOW LOWER THE RATE. No Inflation! Let individuals purchase and refinance their properties!”

    However with the Fed holding—and no extra conferences until mid-September—Trump’s not getting that lower anytime quickly. And truthfully? Odds of a September transfer simply dropped.

    Why? The Commerce Division’s newest PCE report (the Fed’s most popular inflation gauge) confirmed shopper costs rising once more. Headline PCE for June got here in at 2.6%, up from 2.3%. Core PCE? That ticked up too—from 2.7% to 2.8% year-over-year.

    What Now?

    The market took discover. After the PCE print hit, expectations for a September fee lower dropped like a rock. CME FedWatch now places the percentages at underneath 47%, down from 58% per week in the past.

    So for now, Powell’s standing agency, inflation is drifting farther from goal, and Trump’s nonetheless yelling from the sidelines. Whether or not it’s political posturing or actual financial stress—it’s clear we’re in for extra fireworks earlier than the Fed meets once more.





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