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Trump’s brutal criticism of Jerome Powell draws no sympathy from party suing Fed

President Donald Trump blasted Federal Reserve Chair Jerome Powell this week, calling him a “TOTAL LOSER” for once again refusing to lower interest rates.

And that was just the beginning of the president’s input, as he said Powell “is TOO LATE, and actually, TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job of Fed Chair,” insisting that he “is costing our Country TRILLIONS OF DOLLARS.”

Azoria, an American investment firm, filed a federal lawsuit last week against Powell, alleging that the central bank is violating federal transparency laws. CEO James Fishback, who called for the transcripts of this week’s closed-door meeting to be released, appeared on Fox News and was asked if he feels sorry for Powell when Trump criticizes him.

“No, I don’t feel sorry for Jerome Powell. He’s worth over $200 million,” Fishback said. “Who I feel sorry for are the Americans who can’t get a mortgage because Powell refuses to lower interest rates from 20-year highs. I feel sorry that they can’t start a family or can’t grow their family because they can’t buy a home. I feel sad for the single mom in East Baltimore or Cincinnati who can’t get a credit card because Jerome Powell is trying to undermine the duly elected President of the United States.”

Adding to Powell’s troubles is that for the first time in more than three decades, two of the seven members of the central bank’s board opposed the chair and voted to lower interest rates.

Keeping rates high hits the housing market hardest and serves as a drag on the economy, which could hurt Republicans in the midterm elections.

Fishback had plenty of company — here’s a sampling of responses to the story, as seen on X:

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Tom Tillison
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