Former US President Donald Trump has once again taken aim at Federal Reserve Chair Jerome Powell, branding him as "no friend of America" in a fiery new statement. Trump accused Powell of deliberately keeping interest rates high to damage the economy, a move he claims could benefit his political opponents.
Trump’s Fiery Criticism
In his latest outburst, Trump did not hold back, suggesting Powell’s policies were harming American businesses and workers. "He’s playing a dangerous game," Trump declared, insinuating that the Fed’s decisions could be politically motivated.
Ongoing Feud with the Fed
This is not the first time Trump has clashed with Powell. During his presidency, he frequently criticised the Fed’s monetary policy, even suggesting Powell was an "enemy" of the country. The renewed attack signals Trump’s continued focus on economic issues as he campaigns for another term.
Market Reactions
Financial analysts are closely watching the fallout from Trump’s comments, as any perceived instability in Fed leadership could rattle markets. Powell, who has maintained a neutral stance, has yet to respond publicly.
With the 2024 election looming, Trump’s aggressive rhetoric suggests he plans to make economic policy—and his opposition to the Fed—a central theme of his campaign.
