President Donald Trump late Wednesday slammed Federal Reserve Chair Jerome Powell over the U.S. central bank’s decision to keep interest rates unchanged, calling him “a real dummy.” In a post on his Truth Social platform,

President Trump has increasingly pointed to rate cuts by other central banks as he pressures Jerome H. Powell, the Fed chair, to reduce borrowing costs.

Even if President Trump doesn't make good on threats to fire Chair Powell, the Fed leader's term ends in 2026.