(MENAFN) U.S. President Donald Trump has consistently attacked Federal Reserve Chair Jerome Powell throughout the first half of the year, delivering 23 separate insults. Despite the frequency and intensity of these remarks, they have had little impact on financial markets, as noted by various reports.

Trump’s verbal assaults were spread unevenly over the months: once in January, seven times in April, three times in May, eight times in June, and four times since July began. These attacks ranged from social media posts to comments made during speeches, interviews, and official statements.

He directed several harsh terms at Powell, calling him “a complete moron,” “major loser,” “fool,” “truly one of the dumbest,” and “numbskull.” Most of the criticism revolved around Trump’s demand that Powell cut interest rates, often threatening his position, though the former president acknowledged he had no authority to dismiss the Fed Chair.

Of the 23 comments, 11 were delivered through social media, while the remaining 12 came through public appearances and formal communications.

Trump’s criticism began shortly after returning to office, accusing Powell and the Federal Reserve of being responsible for inflation and failing to act decisively. “It would be a ‘PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates.’ ‘A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!’” he wrote in April on Truth Social.

He also referred to Powell as “Mr. Too Late,” suggesting that delaying interest rate cuts could trigger an economic downturn. Although he frequently floated the idea of firing Powell, Trump later clarified he had no intention of doing so.

In a May interview with a news agency, Trump remarked that while he wouldn’t remove Powell over rate decisions, he still believed the Fed Chair should take action. “And at some point, he will,” Trump said. “He’d rather not because he’s not a fan of mine, you know. He just doesn’t like me because I think he’s a total stiff.”

Despite the aggressive rhetoric, ongoing positive economic indicators have helped to mute the financial impact of Trump’s repeated criticisms.

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