Trump Criticizes Fed Chair Powell Over Interest Rates, Impacting Equities Like NVDA, TSLA, and AAPL

U.S. President Donald TRUMP has renewed his criticism of Federal Reserve Chair Jerome Powell, accusing him of costing America "hundreds of billions of dollars" by not cutting interest rates. Trump's latest remarks, posted on Truth Social, claim the Fed should lower rates by 2.5 points to alleviate short-term debt pressures. The Fed's decision to hold rates steady has drawn consistent ire from Trump since his return to the White House earlier this year.

Trump's attacks have focused on Powell's perceived lack of action to stimulate the economy and boost major equities, including Nvidia (NVDA), Tesla (TSLA), and Apple (AAPL). The president has gone as far as calling Powell a "real dummy" in a recent midnight post, questioning the Fed chair's judgment. Powell, however, has maintained the central bank's independence, resisting political pressure as his term extends into 2026.