In a fiery exchange, former President Donald Trump has unleashed a barrage of criticism against Federal Reserve Chair Jerome Powell following the Fed’s decision to keep interest rates steady for the fourth consecutive time. This decision, announced today, has sent shockwaves through financial markets as Trump decries Powell’s leadership, calling him “not a smart guy” and accusing him of political maneuvering rather than sound economic policy.

The Federal Reserve’s latest meeting concluded with interest rates remaining unchanged at 4.3%, a move intended to address ongoing economic uncertainties, including the impact of tariffs and inflation. Despite inflation cooling over the past year, Powell emphasized the need for caution, stating, “The economy is in a solid position,” while acknowledging elevated uncertainties that could influence future decisions.

Trump’s vitriol comes at a critical juncture, as he argues that lower interest rates could save the nation billions and stimulate economic growth. “If the Fed would ever lower rates, we’d be saving $800 billion,” he declared, suggesting that Powell’s reluctance to cut rates is hampering the country’s financial potential. This public feud highlights a growing divide between the former president and the Fed, as Trump pushes for aggressive monetary easing amidst concerns over inflation and economic stability.

As the political and economic landscape evolves, all eyes are now on the Fed’s next meeting scheduled for July. Analysts are keenly watching whether Powell will bend under pressure or remain steadfast in his commitment to an independent monetary policy. With tensions escalating and the stakes higher than ever, the future of the U.S. economy hangs in the balance.