Trump Calls Fed Chair Jerome Powell a ‘Numbskull,’ Claims Lack of Rate Cuts Are Costing US $600,000,000,000 a Year

US President Donald Trump has more insults for Federal Reserve Chair Jerome Powell. At a bill signing ceremony on Thursday, Trump claimed the government would save $600 billion a year in short-term debt payments if Powell lowered the federal funds rate by 2 percentage points. source: https://dailyhodl.com/2025/06/13/trump-calls-fed-chair-jerome-powell-a-numbskull-claims-lack-of-rate-cuts-are-costing-us-600000000000-a-year/