President Donald Trump answered reporters' questions during his meeting with Philippine President Ferdinand Marcos Jr. on Tuesday at the White House.
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Trump said Federal Reserve Chair Jerome Powell has "done a bad job" and criticized him for not making a rate cut since December.
"He's too late all the time. He should have lowered interest rates many times," Trump said. "People aren't able to buy a house because this guy is a numbskull. He keeps the rates too high
Powell started a four-year term on Feb. 5, 2018 , for a four-year term as chair and was reappointed for a second term on May 23, 2022 .
