Former US President Donald Trump has launched a scathing attack on Federal Reserve Chair Jerome Powell and Republican Senator Mike Lee, sparking fresh controversy in an already turbulent political climate.
In a fiery speech, Trump accused Powell of making "terrible decisions" on interest rates, claiming the Fed chief had "no guts" to act decisively. The outburst comes amid growing economic uncertainty and rising inflation in the US.
Trump’s Fed Feud Escalates
Trump’s latest remarks mark a significant escalation in his long-running feud with Powell, whom he appointed in 2018. "He was always late to the party," Trump declared, suggesting Powell’s policies had weakened America’s economic standing.
Financial analysts warn that such public criticism could undermine confidence in the central bank’s independence—a cornerstone of US monetary policy.
Unexpected Target: Senator Mike Lee
In a surprising twist, Trump also turned his fire on Utah Senator Mike Lee, a fellow Republican. Though details remain unclear, insiders suggest the attack may relate to Lee’s stance on key legislative issues.
Political commentators note this could signal growing divisions within the GOP as the 2024 election cycle heats up.
Timing Raises Questions
The timing of Trump’s remarks has raised eyebrows, coming just weeks before critical midterm elections. Some speculate this may be an attempt to reassert influence over the Republican agenda, while others see it as deflection from ongoing legal challenges.
As the political drama unfolds, all eyes remain on how these developments might impact both economic policy and party unity moving forward.
