• Trump criticizes Fed Chair Powell, calling him "stubborn" and "too angry" to effectively lead.
• Urges the Federal Reserve board to override Powell's decision not to lower interest rates.
• The central bank maintained interest rates at 4.25-4.50%, despite Trump's pressure for cuts.
• Recent dissent within the Fed suggests divisions among members about monetary policy.
• Trump claims that high rates are costing the country trillions and calls for immediate action.

President Donald Trump has ramped up his scathing criticism of Federal Reserve Chair Jerome Powell, labeling him "stubborn" and "too angry, too stupid, and too political" to hold his position after the Fed decided once again to maintain interest rates unchanged. In social media posts, Trump said, "Jerome 'Too Late' Powell has done it again!!! He is costing our Country TRILLIONS OF DOLLARS," emphasizing his long-standing demand for significant rate cuts to stimulate the economy and reduce government debt costs, according to Newsweek, TRT Global, and AA.

Following the Fed's recent decision to keep the federal funds rate steady within the range of 4.25%-4.50%, Trump stated, “If Powell doesn’t substantially lower rates, THE BOARD SHOULD ASSUME CONTROL, AND DO WHAT EVERYONE KNOWS HAS TO BE DONE!” This call to action underlines Trump's frustration as he contends that low-interest rates are essential for economic growth, while Powell continues to assess the impact of Trump's tariffs on inflation, as reported by HuffPost, Business Insider, and SCMP.

Trump's remarks come amid reports of dissent within the Fed, where two members called for rate cuts, marking the first significant discord among its board in over three decades. The president referred to this dissent in a post, saying it would "only get stronger," thereby reflecting his efforts to undermine Powell's authority and advocate for a more aggressive monetary policy. Meanwhile, Powell has maintained that cutting rates too soon could exacerbate inflation risks, according to AA, India Times, and India Times.

As Trump continues to assert that inflation is under control, he has called for a dramatic cut of three percentage points to the Fed’s benchmark rate—a suggestion that has faced skepticism given current economic indicators. Despite a Supreme Court ruling that limits his ability to fire Powell for policy disagreements, Trump remains persistent in his campaign against the central bank's leadership, suggesting he is positioning himself for potential changes should he secure another presidential term in the future, as noted by Reuters and Al Jazeera.