The economic arena is no stranger to controversy, but nothing has stirred conservative anger quite like President Donald Trump’s latest onslaught against Federal Reserve Chairman Jerome Powell. With signature bluntness, Trump laid into Powell on Wednesday, accusing him of politically motivated incompetence and disastrous mismanagement that is costing our nation hundreds of billions—if not trillions—of dollars.

In a memorable and no-holds-barred exchange, Trump declared, “We have a stupid person, frankly, at the Fed. He probably won’t cut today,” said. “Europe had 10 cuts, and we had none. And I guess he’s a political guy. I don’t know, he’s a political guy who’s not a smart person, but he’s costing the country a fortune.” Here is the harsh truth coming straight from the Oval Office: while the establishment bureaucracy dithers, our economy is being strangled by unnaturally high interest rates.

The President did not mince words when he compared the current state of American affairs to Europe’s proactive, decisive interest rate cuts, noting that the U.S. inexplicably finds itself ranked “38th in interest rates” when it should lead the world with the lowest costs. “We’re paying more interest than a lot of European nations that can’t carry our suitcase,” he quipped—a statement that resonates with voters tired of being strung along by out-of-touch bureaucrats.

Unlike the liberal media machine, which mindlessly echoes Powell’s excuses, Trump asserts that there is no inflation crisis—only a success story being deliberately sabotaged by those in power. “I got a call from Congress last night: ‘Sir, there’s a problem.’ I said, ‘What is it?’ ‘Money is pouring in. We don’t know how to account for it.’ I said, ‘Check the tariffs.’ $88 billion came in from tariffs, no inflation, and it’s going to get even more so.” This proclamation starkly underscores his belief that, under his leadership, our economic policy is a roaring success in spite of entrenched, self-serving officials at the Fed.

Taking aim at Powell’s chronic sluggishness—and earning the nickname “Too Late Powell”—Trump contends that every percentage point not cut is a massive loss for the American people. “If he’d lowered a point, I’d pay about a point less, then if he’d lower it two points, I’d pay about two points less. And that’s for 10 years, 12 years, 15 years, five years; It’s hundreds of billions, it’s even trillions of dollars, that we’re going to lose because of this ‘Too Late.’” Here, the anger of a true conservative patriot is palpable—demanding accountability from the very institutions meant to safeguard our economic well-being.

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In a move that captures his ever-unconventional approach to governing, Trump even floated the idea of appointing himself as Fed Chair when Powell’s term expires. “Am I allowed to appoint myself at the Fed? I do a much better job than these people.” With a track record of economic victories—from historic lows in unemployment to booming stock markets—this statement isn’t just rhetoric; it’s a call for radical change against a system that the angry Republican crowd believes has long been in the pocket of liberal elites.

The liberal media, predictably, will dismiss Trump’s pointed critique as nothing more than bluster, painting Powell as an infallible technocrat. But the numbers and the facts paint a different picture. The truth is that America is winning, and it’s doing so despite the outdated policies of the Federal Reserve—not because of them. The American people deserve better, and for many, Trump’s candor is a refreshing break from the usual political doublespeak.