Trump calls Powell a "fool" in a harsh speech about inflation.

In a bold post on Truth Social, former President Donald J. Trump launched a scathing attack on Federal Reserve Chairman Jerome Powell, calling him a “NINCOMPOOP” and accusing him of always being slow in economic decisions. Trump mocked Powell as “Too Late” — a nickname referring to the Fed’s slow response to economic challenges. Despite personal criticism, Trump softened it with an indirect compliment: “Other than that, I really like him!” However, the core of the message remains very clear - Trump believes that Powell has mishandled inflation and misrepresented the current state of the U.S. economy.

According to Trump, inflation is no longer the crisis it once was. He stated that oil and energy prices have significantly decreased, everyday goods such as groceries and eggs have become more affordable, and there is “virtually NO INFLATION” remaining. Trump also emphasized that tariff revenues are flowing into the U.S. economy, which he believes is in stark contrast to Powell’s cautious economic tone. Posting his message as a direct rebuttal to Powell’s pessimistic attitude, Trump declared that the current situation is “COMPLETELY THE OPPOSITE OF ‘TOO LATE!’” and ended the post with the phrase “ENJOY!” This post highlights Trump’s ongoing interest in shaping the economic narrative — especially as there is much speculation surrounding his role in the upcoming election cycle and the impact of future policies.