The Federal Reserve does not cut interest rates, Trump: Powell is a "not very smart politician"

On June 18th local time, the Federal Reserve concluded its interest rate meeting and decided to maintain the current policy rate unchanged. Prior to the meeting, Trump once again criticized Federal Reserve Chairman Powell, calling him "not a very smart politician" and expressing dissatisfaction with his refusal to cut interest rates. Powell responded to reporters during an interview, stating that the core of the Federal Reserve's work is to ensure economic stability and price stability, and did not directly respond to Trump's accusations.