On Thursday, President Trump lashed out at Jerome Powell for his refusal to lower interest rates despite the stellar economic numbers that are “Too Late” Jerome Powell and the Fed kept interest rates extremely low at 0.25% during most of Barack Obama’s administration. Historic US interest rates from 1984 to 2025. (Investing.com) Then when President Trump entered office with his pro-growth policies, Jerome Powell immediately began raising the interest rates to slow down the economy. At one point President Trump in his first term could have started to pay down the US debt because of the strength of his economy. Jerome Powell raised interest rates again to make sure that didn’t happen. Today, despite the strength of the Trump economy, Jerome Powell refuses to lower…
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