(MENAFN) Over the first half of this year, U.S. President Donald Trump launched a series of personal attacks—23 in total—against Federal Reserve Chairman Jerome Powell.

Despite the frequency and intensity of these criticisms, they had a muted effect on financial markets, contrary to what some may have anticipated.

According to figures gathered by a news agency, Trump made one disparaging remark in January, seven in April, three in May, eight in June, and four more since early July.

These statements reflect a consistent pattern of verbal pressure aimed at influencing monetary policy.

Trump’s language has been especially harsh, directly labeling Powell with insults such as “a complete moron,” “major loser,” “fool,” “truly one of the dumbest,” and “numbskull.”

Alongside these personal jabs, Trump demanded that Powell lower interest rates, warning that failure to do so could result in his removal from office.

Out of the 23 total remarks, 11 were posted on social media platforms, while the remaining 12 were voiced through formal channels such as public addresses, press statements, interviews, and official announcements.

Despite the inflammatory rhetoric, a steady stream of positive economic indicators helped insulate the markets from any significant reaction.

Economic resilience seemed to dilute the impact of Trump’s persistent criticism.

Just nine days into his presidency, Trump began publicly condemning Powell, using his Truth Social platform to blame the Federal Reserve for mismanaging inflation.

He argued that both Powell and the Fed failed to control the very economic problems they were supposed to prevent.

In an April post, Trump wrote on Truth Social, “it would be a ‘PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates.’”

He continued, “A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!” His message reflected a clear demand for swift policy changes, wrapped in his characteristic confrontational tone.

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