President Donald Trump wasted no time criticizing the Federal Reserve after it held interest rates steady Wednesday, posting a message to his social media platform Wednesday afternoon arguing Fed chair Jerome Powell and the central bank "failed to stop the problem they created" on inflation.

In a post on Truth Social, President Donald Trump vowed to stop inflation himself with regulatory cuts, increasing energy production, and rebalancing trade. “If the Fed had spent less time on DEI, gender ideology,

The Fed said the job market is “solid,” and noted that the unemployment rate “has stabilized at a low level in recent months.”