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Gov
Trump Escalates Criticism of Fed Chair Powell and Demands Immediate Rate Cuts
12/02/2025, 17:36
AI SUMMARY
●Trump calls Fed Chair Powell "incompetent" and demands rate cuts next week
●Remarks cite Jamie Dimon's support for immediate monetary easing
●Statements increase political pressure ahead of the upcoming Fed meeting
President Trump has publicly criticized Federal Reserve Chairman Jerome Powell, labeling him "incompetent" and a "real dope." In addition to the personal attacks, Trump explicitly called for the central bank to cut interest rates in the upcoming week.
Trump referenced support from JPMorgan CEO Jamie Dimon to validate his stance on the need for immediate rate reductions. The comments mark an intensification of pressure on the Federal Reserve ahead of its next scheduled meeting.