International-News

Trump attacks Powell: ‘Waste at the Fed and interest rates too high’

Attacco Usa in Nigeria contro l’Isis, Trump: “Risposta al massacro di cristiani” VIDEO

Frana a Cormons: disperso un giovane e un’anziana sotto le macerie VIDEO

Tifone Fung-Wong colpisce le Filippine: un milione di evacuati VIDEO LIVE

Cargo Ups precipita in Kentucky: sette morti e diversi feriti VIDEO

Published

5 mesi ago

25 Luglio 2025

Bre-news

The US president argues with the head of the Federal Reserve, criticising the costs of renovating the headquarters and reiterating his call for interest rate cuts

Donald Trump is back to attacking the Federal Reserve and its chairman Jerome Powell. This time, in addition to his usual criticism of excessively high interest rates, the US president is pointing the finger at what he calls ‘waste’ in the renovation of the Fed’s headquarters: the final cost is between $2.7 and $3.1 billion, according to Trump himself during an official visit.

In a rather unorthodox move, Trump showed Powell a document allegedly proving the extra costs. The Fed chairman, visibly surprised, replied, “I don’t know anything about that”. “It’s a building that was built five years ago,” he said, while Trump retorted, “It’s still under construction”. It was an awkward exchange, which felt more like a media stunt than a serious discussion of economic policy.

The tycoon also made a pointed remark when a reporter asked him what he would do to a manager responsible for such cost overruns, replying bluntly, ‘In general, I would fire him.’ This direct attack fuels the climate of institutional tension between the White House and the Fed.

In the second part of his speech, Trump tried to tone down his rhetoric, saying he did not want to put pressure on Powell, but he nevertheless reiterated his expectation: “I believe he will do the right thing. Everyone knows what that would be: rates must come down. The economy is doing well, but it can do even better if the Fed takes action.”

The statements confirm the increasingly impatient stance of a president who continues to turn even the most delicate aspects of economic policy into a spectacle, sparing no barbs or summary judgements on those who do not follow his instructions.

THE LATEST NEWS

International-News

Corruption in Ukraine: NABU indicts MPs over vote selling

28 Dicembre 2025

Corruption in Ukraine under scrutiny as NABU indicts several MPs accused of selling votes in parliament and reports obstacles to...

Corruption in Ukraine: NABU indicts MPs over vote selling

International-News

Epstein Documents Reveal Trump Trips on Private Jet Multiple Times

23 Dicembre 2025

New Epstein documents reveal Trump trips on the financier’s private plane, showing multiple flights with Ghislaine Maxwell and family members...

Epstein Documents Reveal Trump Trips on Private Jet Multiple Times

International-News

US sanctions EU officials, former commissioner Thierry Breton targeted

23 Dicembre 2025

US sanctions EU officials over digital policies, banning five European figures including former EU commissioner Thierry Breton. Washington cites censorship...