Federal Reserve Chair Jerome Powell says he has no time for President Donald Trump’s “cheap shots” against him.
The Fed’s leader, whom Trump appointed during his first term, said Tuesday that he instructs his team of bank regulators to ignore politically-charged insults and focus on delivering for the country.
“We don’t engage,” Powell said. “We don’t, you know—our argument [back] is doing our jobs. We don’t get into back and forth with external people. We just do our jobs. We keep our heads down and do our jobs. That’s what we do.”
Trump, 79, has unleashed unhinged attacks on Powell in his second term, who he often refers to as “too late.” He has primarily been irked that Powell hesitated to cut interest rates amid the economic uncertainty that arose as a result of his tariff crusade.