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Trump: I know more about interest rates than Powell, will talk to him 'at the right time'

Trump: I know more about interest rates than Powell, will talk to him 'at the right time'

Bitget2025/01/23 22:36

U.S. President Donald Trump questioned Federal Reserve Chairman Jerome Powell's decision on interest rates on Thursday, local time, and said he plans to talk to him “at the appropriate time.” Speaking to reporters in the Oval Office, Trump said, “I think I know more about interest rates than they do, and I think I certainly know more about interest rates than the people who are primarily responsible for making interest rate decisions.” He was clearly referring to Powell. “If I disagree, I'll let everybody know.” And when asked if he believed Fed officials would listen to him, Trump replied, “Yes.” While presidents are traditionally expected to avoid commenting directly on the central bank's policymaking, Trump has said since the campaign that he should be able to tell Powell how he thinks interest rates should change.

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