Fox News was airing a Donald Trump press conference live on the channel when the US president appeared to “freeze” and lose track of what he was saying. Trump was discussing the interest rates cut, which has lowered borrowing costs in the United States for the third time in 2025, but blasted the Chair of the Federal Reserve Jerome Powell as he did so.

Known as the “Fed Chair”, Powell ruled out the need for immediate tax hikes, but it still wasn’t enough for Trump, who announced: “We’re scheduled to be at 4%, which is pretty amazing because we have a, er, you know, a dead head- fed… fed hair… I mean, this guy… the head of the Federal Reserve is a stiff.”

Instead of saying “Fed Chair”, he repeatedly said “Fed Hair”, and called him a “dead head”.

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