Trump Calls Jerome Powell a ‘Political Hack’: ‘He’s Not a Smart Guy’

Reporter: “Jerome Powell not lowering interest rates again. Many people say that he’s playing politics with the futures of millions of Americans —

Trump: “Well, he is. He’s — we call him ‘too late.’ He’s too late. It’s his new nickname. He’s Too Late Powell. He’s a terrible Federal Reserve chairman. Not only that, he’s building a building. He said $2.9. billion, it’s actually $3.1 billion if you include other areas that are essentially the same thing. Way over budget. Has no idea what he’s doing. And I would say he’s probably good at that compared to what he does with interest rates, but, you know, we have him there and it was a mistake. I put him in and then Biden extended him. And Biden only extended him because he knew I couldn’t stand him. And that turned out to be not a good thing for Biden. Although he did lower interest rates just prior to the election. Didn’t work out too well for them, but he did lower them pretty substantially just prior to the election. No, he’s a political hack. Not very good. Not — he’s not — he’s not a smart guy.”