President Donald Trump late Wednesday slammed Federal Reserve Chair Jerome Powell over the U.S. central bank’s decision to keep interest rates unchanged, calling him “a real dummy.” In a post on his Truth Social platform,

President Donald Trump has been highly critical of Jerome Powell, chastising him for not cutting interest rates and making clear he wants a new Fed chair.

President Trump has increasingly pointed to rate cuts by other central banks as he pressures Jerome H. Powell, the Fed chair, to reduce borrowing costs.