The Wall Street Journal, owned by Rupert Murdoch’s News Corp, has published a biting editorial attacking President Donald Trump after his threat to fire Federal Reserve Chair Jerome Powell.

On Wednesday, in his latest attack on the Fed chief, Trump complained that Powell was doing a “lousy job” and not doing enough to lower interest rates.

The Journal’s editorial board wrote: “It’s often hard to know when President Trump is serious about something, or merely creating a distraction.” The paper then offered Trump blunt advice about potentially firing Powell: “Don’t do it.”

WASHINGTON, DC - JUNE 25: Federal Reserve Chairman Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs during a hearing to “examine the Semiannual Monetary Policy Report to the Congress” on Captiol Hill on June 25, 2025 in Washington, DC. Powell says that the central bank will wait for clearer economic signals on the effects of President Donald Trump's tariffs on the economy before cutting interest rates, despite pressure from the President and divisions among Fed officials. (Photo by Kent Nishimura/Getty Images)Federal Reserve Chairman Jerome Powell is being attacked by Donald Trump, who hired him. Kent Nishimura/Getty Images

As part of his tirade against Powell on Wednesday, Trump said he was “costing us a lot of money.” He added, “He’s a terrible Fed chair. I was surprised he was appointed. I was surprised, frankly, that Biden put him in and extended him.”

It was actually Trump who appointed Powell during his first presidency. He was then reappointed by Joe Biden.

The Journal editorial continued: “Love or loathe Mr. Powell, Mr. Trump chose him. Mr. Trump also chose the tariff taxes, and a multitude of no-growth tax and spending handouts in the new budget bill. Now the President has to live with his choices.”

The Murdoch paper has called out Trump multiple times since he returned to the White House in January.

WASHINGTON, DC - JULY 15: U.S. President Donald Trump walks on the South Lawn of the White House after returning on Marine One on July 15, 2025 in Washington, DC. Trump spent the afternoon visiting Pittsburgh, where he attended the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University. (Photo by Anna Moneymaker/Getty Images)President Donald Trump walks on the South Lawn of the White House. Anna Moneymaker/Getty Images

Last month the president slammed three Republicans—Sen. Rand Paul and Rep. Thomas Massie, both of Kentucky, and Sen. Thom Tillis of North Carolina— when they spoke against the cuts in his Big beautiful Bill. The Journal’s editorial board called out the Republican infighting.

It said of Trump, “When events are going in his direction, he has an uncanny habit of handing his opponents the sword.”

Earlier this month, a Journal editorial headlined “Tariff Man’ Is Back for More ‘Liberation’” saw took Trump to task over his letters to world leaders to negotiate tariffs.

“In letters to Japan’s Prime Minister and South Korea’s President, Mr. Trump huffs and puffs again about bilateral trade deficits, which he mistakenly thinks are a sign of foreign exploitation,” the editorial board wrote.

Of the terms given to those two countries, it added: “What a way to treat two close American allies and fellow democracies in China’s backyard.”