President Donald Trump unleashed on the Federal Reserve and Chair Jerome Powell on Wednesday, after the central bank decided to hold interest rates steady rather than making a cut, as the president had wanted.
"Because Jay Powell and the Fed failed to stop the problem they created with Inflation, I will do it by unleashing American Energy production, slashing Regulation, rebalancing International Trade, and reigniting American Manufacturing, but I will do much more than stopping Inflation, I will make our Country financially, and otherwise, powerful again!" Trump wrote on Truth Social.
"The Fed has done a terrible job on Bank Regulation," the president continued. "Treasury is going to lead the effort to cut unnecessary Regulation, and will unleash lending for all American people and businesses. If the Fed had spent less time on DEI, gender ideology, 'green energy, and fake climate change, Inflation would never have been a problem. Instead, we suffered from the worst Inflation in the History of our Country!"
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