President Trump on Friday morning fumed at Federal Reserve Chair Jerome Powell, urging the central bank board to wrest control from him after opting again to not lower interest rates this week.
“Jerome ‘Too Late’ Powell, a stubborn MORON, must substantially lower interest rates, NOW. IF HE CONTINUES TO REFUSE, THE BOARD SHOULD ASSUME CONTROL, AND DO WHAT EVERYONE KNOWS HAS TO BE DONE!” the president said on Truth Social.
He later added, “STRONG DISSENTS ON FED BOARD. IT WILL ONLY GET STRONGER! ‘TOO LATE!’”
The president was referring to a vote by the Fed on Wednesday that kept short-term interest rates at a level of 4.25 percent to 4.5 percent but it included the first double dissent from Fed board officials in more than 30 years.
Vice Chair of Supervision Michelle Bowman and board Gov