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“Jerome Powell Is A STUPID Person" - Trump TORCHES Fed Chair Over Interest Rate STANDOFF

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 24 June 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

The Fed holds rates steady for the 4th time. Tom breaks it down, Powell urges caution, and Trump calls him “stupid.” The panel debates rate cuts, housing struggles, and what’s next for the U.S. economy. Is a cut coming soon? Here’s what you need to know.

Transcript

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0:00.0

Tom, economy, okay?

0:02.1

Let's go into economy with some of the stories that we got here on business.

0:07.2

Let me see which one I want to go to.

0:08.9

Let's go to this one first.

0:10.3

I'm going to go to this one first.

0:11.7

Fed holds interest rate steady for fourth time in a row.

0:16.4

Some were saying maybe we get a quarter, maybe we don't get a quarter.

0:19.6

You even said possibly, but you were more leaning towards nothing's going to happen and nothing

0:24.5

happened.

0:25.3

As usual, Tom is right on these types of issues that's coming up.

0:29.9

This is Jerome Powell getting up there to give the announcement that nobody wants to hear,

0:35.9

but I think he's doing the right thing. Go ahead, Rob.

0:41.4

It's quiet in there.

0:43.0

It's like a librarian.

0:45.2

Good afternoon.

0:47.3

Hello.

0:47.9

My colleagues and I remain squarely focused on achieving our dual mandate goals of maximum

0:52.5

employment and stable prices for the benefit of the American people.

0:57.0

He didn't wait.

0:58.0

Despite elevated and so far, the economy is in a solid position.

1:02.0

Unemployment rate remains low and the labor market is at or near maximum employment.

1:08.0

Inflation has come down a great deal, but has been running somewhat above our 2%

...

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