Trump vs. Fed: Pow-wows, Hard Hats, and High Drama

President Trump went full reality TV meltdown after the Federal Reserve kept interest rates steady between 4.25% and 4.5%, demanding they plunge below 1%. Calling Fed Chair Powell 'TOO LATE, and actually, TOO ANGRY, TOO STUPID, & TOO POLITICAL,' Trump accused him of ruining the economy and orchestrating 'one of the most incompetent, or corrupt, renovations of a building(s) in the history of construction!' Their riveting hard-hat tour turned argument-fest became a live-action meme for central bank independence and who really controls the Fed HQ Renovation Show.

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Source: Axios | Published: 7/31/2025 | Author: Ben Berkowitz