Name: Trump Targets Fed Reserve Chair Jerome Powell, Who Says, “Come at Me, B*tch!” | The Daily Show
Uploaded: 2025-07-22T07:56:48.000Z
Duration: 10 min 18 s
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We all know President Trump has spent the last two weeks in a wrestling match with the ghost of Jeffrey Epstein, but he's been fighting the last six months with a much more alive person,

Jerome Powell has done a terrible job, and, frankly, I don't think he could do a worse job.

We have a stupid person, frankly, at the Fed.

That's a low, in terms of what he does, low.

This, you know, numbskull. He's a numbskull.

You talk to the guy, it's like talking to a...

You know, whatever happened to all of our exciting, dynamic Federal Reserve chairs?

Who doesn't remember Fed Chairman Dierks McGinty, huh?

Now, you may be wondering what Jerome Powell ever did to make Trump so angry.

I mean, the way Trump talks about him, you'd think they caught him at a Coldplay concert with Trump's wife.

But at its heart, this is a beef about economics.

Trump wants to lower interest rates to help juice the economy, but Jerome Powell is in charge of setting those interest rates, and he refuses to lower them because he's worried that will increase inflation.

And-and nothing, nothing makes Trump angrier than someone doing their job well.

We should have cut interest rates a long time ago.

Europe has cut them ten times in the short period of time, and we cut them none.

The only time we cut them was just before the election to try and help Kamala or Biden, whoever the hell it was, because nobody really knew.

By the way, if you're wondering what this guy has to do with any of this,

He... he flew across the planet to talk about peace in the Middle East, and now he just has to sit there while Trump works himself up over some personal shit.

It's like when you were at your friend's house for dinner and get dragged into their parents' fights.

Let's ask Timmy. Timmy, is four beers a normal amount to drink at breakfast?

It doesn't matter what you were here for.

He's a terrible... he's a terrible fed chair.

I was surprised, frankly, that, uh, Biden put him in.

Yeah, why did Joe Biden put Jerome Powell in?

Let's go back to when Joe Biden appointed Jerome Powell and see what Joe Biden said about him.

It is my pleasure and my honor to announce my nomination of Jerome Powell to be the next chairman of the Federal Reserve.

Hey, I get it. I'm also trying desperately to forget everything that happened during Trump's first term, so...

Now, you might be wondering, if Trump hates this guy so much, why doesn't he just fire him?

Well, he's been threatening to pretty much nonstop ever since he won the election, but you tell me if Powell seems phased by it.

Some of the president-elect's advisers have suggested that you should resign.

Um, if he asked you to leave, would you go?

Do you think that, legally, you're not required to leave?

You don't want to spin it? Do a little...

The camera's out. Give it a little razzle-dazzle.

But no, no, Jerome Powell truly does not give a...

To follow up on Victoria's question, um, do you believe the president has the power to fire or demote you?

-♪ Yeah, yeah, yeah, yeah ♪ -♪ Yeah, yeah, yeah, yeah ♪

He went on to add, -"Try me, bitch." -♪ Yeah, yeah, yeah, yeah, yeah ♪

Although, you know, just one more quick follow-up,

The position of Fed chairman was designed to be independent from the president, to ensure that his decisions will be made free of political pressure.

Yesterday, the president suggested a caveat, that he could remove Chairman Powell if there is cause.

He has accused Powell of fraud in the Fed's multi-year $2 billion renovation project.

The one thing I didn't see him is a guy that needed a palace to live in.

And now, on top of it, he's building a close to $3 billion little nest egg for himself.

He's doing a little renovation for $2.5 billion of the Fed.

Yes, I've-I've been here this entire time.

By the way, it's crazy to hear Trump complain about the Federal Reserve Palace while he's sitting in his gold-bedazzled office.

Man, that Jerome Powell sure is extravagant.

Gold-plated eagle holding up a marble end table.

But on the other hand, Trump's smear campaign is having an effect.

Some of these charges of extravagant spending got to the point where Powell had to deny them under oath.

The media reports that you actually accurately quoted, they're misleading and inaccurate in-in many, many respects.

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Trump Targets Fed Reserve Chair Jerome Powell, Who Says, “Come at Me, B*tch!” | The Daily Show

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