Former president dismisses need for Fed meeting: Former President Donald Trump dismissed the idea of meeting with Federal Reserve Chairman Jerome Powell during a wide-ranging economic commentary Tuesday, dubbing the central bank chief “Too Late Pal” while touting his proposed tax plan as an economic “rocket ship.”
When asked about coordinating with the Fed as other central banks cut rates, Trump responded: “The Bank of England cut, China cut. Everybody’s cutting but him… I call him ‘Too Late Pal.’ That’s his nickname.”
The remarks continued Trump’s long-standing criticism of Powell, whom he appointed in 2018 but frequently criticized for what he perceived as slow action on interest rates.
Trump pivoted to promoting his economic agenda, claiming his administration achieved:
- “More deregulation than any president in history”
- “The biggest tax cuts ever” during his first term
- A pending “one big beautiful bill” that would deliver even larger tax reductions
“This country will be like a rocket ship that goes straight up,” Trump declared, urging investors to “go out and buy stock now” if his proposals pass.
The former president credited House Speaker Mike Johnson and Senate Minority Whip John Thune for advancing the legislation, though he acknowledged “we have to get a vote.” Analysts note the ambitious tax proposal faces significant hurdles in a divided Congress.
Trump’s comments come as economists debate the Fed’s rate policy amid mixed economic indicators. The former president framed U.S. economic strength as independent of Federal Reserve actions, stating “it’s not going to matter that much because our country is so strong.”
The remarks underscore Trump’s continued focus on economic messaging as a central campaign theme, combining criticism of current policies with promises of dramatic growth through tax cuts and deregulation.
Source: raialkhalij + aljazeera