Monday, September 22, 2025

Trump continues attacks on Federal Reserve chair as he demands lower interest rates – live updates

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Trump continues attacks on Federal Reserve chair

Donald Trump has continued his attacks on Federal Reserve chair Jerome Powell today, calling him a “stupid guy” and a “knucklehead”.

He told reporters at the White House earlier:

We have a bad Fed chairman, really bad … I tried being nice to the guy. It doesn’t help. He’s like a knucklehead. No, he’s a knucklehead. Stupid guy. He really is.

He earlier called once again for interest rates to be lowered to 1% or less. “We should be at 1%. We should be less than 1%,” he said.

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Supreme court clears way for Trump to gut education department

The supreme court has cleared the way for Donald Trump’s administration to resume dismantling the Department of Education, part of his bid to shrink the federal government’s role in education in favor of more state control.

In the latest high court win for Trump, the justices lifted a federal judge’s order that had reinstated nearly 1,400 workers affected by mass layoffs at the department and blocked the administration from transferring key functions to other federal agencies.

A legal challenge is continuing to play out in lower courts. The court’s action came in a brief, unsigned order. Its three liberal justices dissented.

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