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31 Trump says Powell is a 'moron' and calls for the board to 'assume control' of the Fed, soon after it kept rates steady again

Business Insider
Thibault Spirlet @ Business Insider · 08/01/2025 07:18 EDT

Trump says Powell is a 'moron' and calls for the board to 'assume control' of the Fed, soon after it kept rates steady again

Trump escalated pressure on Fed Chair Jerome Powell in a Truth Social post on Friday, urging the Fed's board to intervene and slash interest rates.

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