'It's Like Talking To A Wall': Trump Knocks Fed Chair Jerome Powell For Not Cutting Rates

Forbes Breaking News

Speaking to reporters in the Oval Office, President Trump slammed Fed Chair Jerome Powell.

Transcript

00:00The first one. Go ahead, please.

00:02The Federal Reserve Chairman, Mr. President,

00:05says that you would have to call him for a meeting.

00:08Do you plan to meet on with him?

00:10I could call him for a meeting.

00:11It's like talking to a wall.

00:13He should be...

00:14What do you think about not cutting the Bank of England cut today?

00:16Well, the Bank of England cut.

00:18China cut.

00:19Everybody's cutting but him.

00:21It's, you know, I don't know.

00:24We'll see what happens.

00:25It's a shame.

00:26I call him too late, you know?

00:28Too late, Powell.

00:29That's his nickname.

00:30And it's a shame.

00:31It's ridiculous.

00:32So, meaning, he's always too late.

00:37But in this case, it's not going to matter that much,

00:40because our country is so strong.

00:42We're so powerful in terms of economic strength

00:45and what we've done.

00:46And I'll tell you what, if we didn't have our first term,

00:49you wouldn't be.

00:50We created things in the first term.

00:52We cut more regulations than any president in history.

00:55We cut the taxes more than anybody in history.

00:57And a very big factor is going to be the tax bill that we have right now.

01:01The one big beautiful bill, as we call it,

01:03which is all encompassing the biggest tax cuts ever in history.

01:07And bigger than even the first time.

01:09And the incentives, even great for the UK,

01:12because it'll make us so strong that we're going to be doing more business with you.

01:15It's a very important element for taxes, for every aspect, regulation cuts.

01:21That bill is, I believe it's the biggest bill of its kind ever in the history of this country.

01:28And Speaker Johnson and Leader Thune have done an incredible job.

01:34I mean, I'll let you know we have to get a vote, but we have a lot of support for that bill.

01:39And if that happens on top of all of these trade deals that we're doing,

01:45this country will hit a point that you better go out and buy stock now.

01:51Let me tell you, this country will be like a rocket ship that goes straight up.

01:56This is going to be numbers that nobody's ever seen before.

01:59That's a very important element of all of this, you know, if we get that.

02:03If you don't, and the Democrats are fighting it only because they want to fight.

02:07They have Trump derangement syndrome.

02:08You know, if it was somebody else, they wouldn't fight.

02:10If you had a normal person who had some stiff sitting behind you, they'd be fine.

02:15But they have Trump derangement syndrome.

02:18You know, Senator Schumer has become a Palestinian.

02:21I don't know when they're going to give him the ceremony, whatever the ceremony may be.

02:27It's terrible what's happened to the Democrats.

02:30So, very, very important element of everything, of what we're doing.

02:36Unrelated to today, but related in the sense that we'll do, if that passes, we'll do even more business with the UK.

02:42We'll have so much.

02:44It's the biggest tax cut in history.

02:47It's going to make our country zoom.

02:49It's going to be incentive, as you know, with the deduction for basically for work.

02:54You work, you build, you plant, et cetera, your deduction.

02:58It's going to be the biggest, it's the biggest bill of its kind ever passed.

03:01Maybe the biggest bill ever passed.

03:03Yes, that's why we go.

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