What did Donald Trump do today?
He was surprised that the "terrible" Jerome Powell was appointed Chair of the Federal Reserve, by him.
At an event this morning, Donald Trump was asked about Fed Chair Jerome Powell.
REPORTER: Jerome Powell, do you have plans, or are you in fact considering firing Jerome Powell? What's your justification, if you're thinking about this?
TRUMP: He's always been too late, hence his nickname "Too Late," uh, he should have cut interest rates a long time ago, Europe has cut them ten times in the short period of time where we cut them—none, the only time he cut them was just before the election to try to help Kamala, or — Biden, whoever the hell it was, nobody really knew, uh, obviously that didn't work, but he tried to cut 'em for the Democrats, Kamala, and, uh, how did that work out, you tell me, didn't work out to well for him. But he's, he's, uh, I think he does a terrible job, he's costing us a lot of money, and we fight through it, it's almost, the country's become so successful that it doesn't have a big impact, but, uh, it does hurt people wanting to get a mortgage, uh, people wanna buy a house, he's a terrible, he's a terrible Fed Chair, I was surprised he was appointed, I was surprised frankly that, uh, Biden put him in and extended him, but, uh, they did.
Donald Trump, not Joe Biden, appointed Jerome Powell as Chair of the Federal Reserve in 2018.
Trump's forgetfulness about who appointed Powell and who exactly he was running against in 2024 comes one day after he forgot the name of a longtime aide, forgot which event he was introducing speakers for, fell asleep on stage, and hallucinated a story about the Unabomber and his late uncle.
Why does this matter?
- Presidents need to be able to remember basic facts about important decisions they (supposedly) made in their previous terms, and if they can't, they're not fit for office.