President Trump is not happy with Federal Reserve Chair Jerome Powell, who once again refused to cut interest rates at yesterday’s FOMC meeting.

Today, President Trump was asked if he thinks Jerome Powell is just playing politics.

And, he responded with a decisive yes.

“He’s a political hack, not very good,” President Trump said,

“He’s not a smart guy!”

Watch here:

Transcript:

Baldwin: Fed Chair Jerome Powell is not lowering interest rates again, and many people have said that he’s playing politics with the futures of millions of Americans

Trump: Well, he is. We call him Too Late. He’s too late. It’s his new nickname, Too Late Powell. He’s terrible, the Federal Reserve Chairman. Not only that, he’s building a building. He’s at $2.9 billion. It’s actually $3.1 if you include other areas that are essentially the same thing— way over budget, has no idea what he’s doing, and I would say he’s probably good at that compared to what he does with interest rates.

But, you know, we have him there, and it was a mistake. I put him in, and then Biden extended him. And Biden only extended him because he knew I couldn’t stand him, and that turned out to be not a good thing for Biden. Although, he did lower interest rates just prior to the election– didn’t work out too well for them, but he did lower them pretty substantially just prior to the election. He’s a political hack, not very good. He’s not a smart guy!

Yesterday — the same day that Powell announced he would not be cutting interest rates — new GDP data showed that our economy is exceeding expectations.

Forbes reported:

Real gross domestic product increased at an annual rate of 3% in the second quarter, according to the Bureau of Economic Analysis, ahead of the Dow Jones consensus of 2.3%.

The latest GDP report follows a decline of 0.5% in the first quarter, the weakest period of economic growth for the U.S. since Q1 in 2022 that was “primarily reflected” by an increase in imports as businesses aimed to get in front of President Donald Trump’s tariffs, and a decrease in government spending, the BEA said.

President Trump heralded the GDP growth as “WAY BETTER THAN EXPECTED” on Truth Social:

And yet, despite this, Jerome Powell is keeping interest rates as-is, seemingly out of a personal vendetta against President Trump.

He needs to go!

This is a Guest Post from our friends over at WLTReport. View the original article here.