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Trump Rips ‘Too Late’ Jerome Powell

June 20, 2025 · 7:20 am ET · Leave a Comment

President Donald Trump criticized Federal Reserve Chair Jerome Powell after the central bank kept rates steady for a fourth time, CNBC reports.

Trump said “Too Late” Powell is costing the United States “hundreds of billions of dollars” by not cutting rates, leveling a familiar criticism against the Fed chair who has repeatedly ignored Trump’s pressure campaign to cut rates.

Trump called Powell a “real dummy.”

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Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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