In a new statement, U.S. President Donald Trump described Federal Reserve Chairman Jerome Powell as a 'stupid fool - Nincompoop', in a sharp criticism of the way interest rates and monetary policy are managed.

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U.S. President Donald Trump during the American Business Forum in Miami:

📌 We lost some of our sovereignty yesterday in New York after Mamdani's victory, but we will take care of it

📌 I declare that this is the age of the precious metal for America and the economy is in its best shape

📌 I expect U.S. GDP growth in the third quarter to be 4.2% or more

📌 I will not attend the G20 meeting in South Africa this month

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