President Donald Trump ripped Federal Reserve Chair Jerome Powell as a "numbskull" as he turned up the heat on the central bank chief to lower interest rates.

Grant Cardone, the CEO of Cardone Capital, accused Federal Reserve Chairman Jerome Powell of causing the country’s “housing crisis.” Cardone argued that Powell’s policies have significantly impacted the housing market.

The president shifts blame for slow trade talks and economic warning signs while former top ally Elon Musk trashes his signature agenda bill.

May's inflation number is positive for the White House, Wall Street, and Jerome Powell, with the Fed's tone potentially softening next week due to peak hawkishness.

Many, including President Trump, think this is a big mistake, arguing that hesitation on lowering the Fed Funds Rate, a benchmark used to set rates on everything from cars to mortgages, risks stagflation or recession.