In a fiery exchange that has sent shockwaves through the financial world, former President Donald Trump unleashed a torrent of insults against Federal Reserve Chair Jerome Powell during a congressional testimony today. As Powell defended the necessity of higher interest rates amidst escalating inflation concerns, Trump, visibly agitated, labeled Powell a “very stupid person” with a “low IQ,” blaming him for the economic turmoil gripping the nation.

This confrontation marks a pivotal moment in Trump’s ongoing battle to control the narrative surrounding his economic policies. As inflation looms ominously on the horizon, exacerbated by his own aggressive tariff strategies, Trump has shifted blame onto Powell, positioning him as the scapegoat for rising prices and declining consumer confidence. “He’s terrible,” Trump declared, expressing frustration that Powell has not capitulated to his demands for lower interest rates, which Trump believes would magically revive the economy.

Behind the scenes, sources indicate Trump has been contemplating replacing Powell with a more compliant figure, someone willing to slash interest rates regardless of the long-term consequences. This reckless maneuvering threatens to undermine the Federal Reserve’s independence, a cornerstone of U.S. economic stability. As investors react with alarm, the U.S. dollar weakens and market confidence begins to falter, signaling a brewing financial storm.

The ramifications of Trump’s tirade extend beyond mere rhetoric; they expose a fragile economic landscape where political manipulation threatens to destabilize the markets. With rising prices and dwindling consumer trust, ordinary Americans are left grappling with the fallout of a trade war that has backfired spectacularly. As the stakes escalate, Trump’s desperate attempts to salvage his image come at a perilous cost, leaving the economy teetering on the brink of chaos. The world is watching as the former president’s reckless strategy risks plunging the nation into deeper economic uncertainty.