**Breaking News: Trump Vows to Challenge Fed Chair Powell After Interest Rates Held Steady for Fourth Time**

In a dramatic escalation of tensions, former President Donald Trump has unleashed a scathing critique of Federal Reserve Chair Jerome Powell, following the Fed’s decision to maintain interest rates at 4.3% for the fourth consecutive meeting. Trump, speaking on the White House lawn, labeled Powell “not a smart person” and accused him of political maneuvering rather than sound economic policy.

This unprecedented clash comes as the Fed navigates a complex economic landscape marked by cooling inflation but persistent uncertainties, particularly surrounding Trump’s tariffs and their potential impact on the economy. Powell emphasized the Fed’s commitment to its dual mandate of maximum employment and stable prices, asserting that the current monetary policy is positioned to respond to evolving economic developments.

Despite Trump’s insistence that lower rates could save the nation billions, Powell’s steadfastness reflects a cautious approach amid fears of inflation resurgence. The former president’s comments underscore a growing divide between political ambitions and economic realities, as he pushes for aggressive rate cuts to stimulate growth.

As the Fed faces mounting pressure, including the looming specter of increased deficits from proposed tax cuts, the stakes have never been higher. With two more meetings scheduled this year, the Fed’s decisions could shape the economic future of the nation. Observers are left wondering: Will Powell withstand Trump’s pressure, or will political considerations sway the Fed’s course? The coming weeks promise to be critical as both the economy and the Fed’s independence hang in the balance.