President Donald Trump has hurled a new round of insults at Federal Reserve Chair Jerome Powell ahead of a pivotal week for the central bank.
The Fed is expected to deliver Trump’s long-sought interest rate cut on Wednesday, having held rates steady for nine months even as Powell absorbed a barrage of attacks from the commander-in-chief, who believes cheaper borrowing will boost the housing industry.
But despite it looking like he’s going to get his way, Trump had no kind words for Powell, whose term ends in May, when asked by a reporter Sunday if there was “any progress on the Fed chair.”
Though the question was likely in reference to the Trump administration’s search for Powell’s successor, the 79-year-old president instead took a swipe at Powell.
“Well, other than, I don’t like him