Jerome Powell took thinly veiled swipes at Donald Trump at his first major public appearance since stepping down as chair of the Federal Reserve.
During a speech accepting this year’s John F. Kennedy Profile in Courage Award, Powell warned that America’s central bank is going through a “stress test” amid ongoing pressure tactics from the 79-year-old president that threaten its independence.
Trump had long attacked Powell as “stupid,” a “dummy,” and a “knucklehead” for refusing to slash interest rates as quickly as the president wanted. Trump escalated his feud with Powell after his Department of Justice goon, U.S. Attorney Jeanine Pirro, launched a since-dropped federal investigation into the ballooning costs of renovations to Federal Reserve buildings.
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