Trump blasts Fed chair again, Powell costing the U.S. a 'fortune'

Trump blasts Fed chair again, Powell costing the U.S. a 'fortune' originally appeared on TheStreet .

The crypto market remained at a rather static stage as President Donald Trump again blasted Federal Reserve Chairman Jerome Powell for not lowering interest rates.

The crypto market cap has slipped 0.76% in a day to $3.27 trillion. Bitcoin was trading at $104,259, down 0.03% a day.

If "Too Late" would cut rates, it would greatly reduce interest rates on the debt next due, Trump wrote on Truth Social in reference to Powell.

"There is virtually no inflation (anymore), but if it should come back, RAISE “RATE” TO COUNTER."

Powell is costing the U.S. "a fortune," Trump lambasted the Fed chief.

This is a developing story.

Trump blasts Fed chair again, Powell costing the U.S. a 'fortune' first appeared on TheStreet on Jun 6, 2025

This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared.