President Donald Trump again assailed Federal Reserve Chair Jerome Powell on Thursday after the Fed elected to keep benchmark interest rates unchanged. In a post on Truth Social, Trump accused Powell of being "Too Late" and said the Fed chair is "hurting our Country, and its National Security" by maintaining current interest-rate levels.
The president's comments arrived one day after the Federal Reserve's decision to hold rates steady. Trump said there is "absolutely no reason" for the central bank to keep rates at their present level, repeating that Powell has "admits inflation is no longer a problem or threat."
Trump argued that elevated interest rates impose heavy costs on the U.S. He wrote that high rates are responsible for "Hundreds of Billions of Dollars a year in totally unnecessary and uncalled for INTEREST EXPENSE," framing the Fed's policy as a direct fiscal burden.
Linking his trade approach to his monetary policy demands, the president stressed that "because of the vast amounts of money flowing into our Country because of Tariffs," the United States should maintain the lowest interest rates in the world. He characterized other nations as "low interest rate paying cash machines" that appear "elegant, solid, and prime, only because the U.S.A. allows them to be."
Trump also addressed his diplomatic posture on trade, saying he has been "very nice, kind, and gentle to countries all over the World" while warning that stronger actions could quickly increase capital inflows. He wrote that "with a mere flip of the pen, $BILLIONS more would come into the U.S.A."
Concluding the post, the president asserted that "Tariffs have made America strong and powerful again" and reiterated his demand that the Fed "substantially lower interest rates, NOW!"
Context and scope
The exchange highlights a direct public rebuke from the president to the Fed chair following a decision to keep policy unchanged. Trump's statements emphasize two themes he has advanced publicly: that inflation is no longer a threat according to the Fed's own admissions, and that tariff-driven inflows justify lower U.S. rates.
Limitations - The president's post reflects his interpretation of recent events and policy choices; the Fed's stated decision to hold rates steady is the only central bank action referenced.