Trump slams 'stupid' Fed Chair Jerome Powell ahead of interest rate decision

President Donald Trump slammed Federal Reserve Chair Jerome Powell on Wednesday, hours before the central bank's interest rate decision, calling him "a stupid person."

"We have a stupid person, frankly, at the Fed," Trump said. "He probably won't cut today. Europe had 10 cuts and we had none. I guess he's a political guy, I don't know. He's a political guy who's not a smart person. But he's costing the country a fortune."

The Fed will announce its latest decision on whether to cut interest rates on Wednesday.