Trump released a statement slamming Jerome Powell after the Fed held rates steady for the fifth consecutive time. The former president called Powell “too late, too angry, too stup*d, and too political.” No further context. Just that. Markets barely reacted. Bond yields stayed elevated. The Fed’s statement cited “uncertain conditions” and stuck to the “higher for longer” script. Trump’s team, meanwhile, sees stagnation heading into election season.
“Too late, too angry, too stup*d, and too political.”
https://www.foxbusiness.com/politics/trump-rips-fed-chair-powell-rates-decision
Powell taking jabs again from Trump pic.twitter.com/vjDuuCATKv
— TT3 (@TradingThomas3) July 31, 2025
Powell’s credibility keeps getting chipped away, not by Wall Street, but by his own political vulnerability. A divided board, spiking long-end yields, and now open ridicule from a former president. Optics matter, especially when the toolkit is nearly empty.