President Trump unloaded on Fed Chair Jerome Powell on Thursday in an early-morning TRUTH Social post. Trump, who is no fan of Powell’s, said his “termination cannot come fast enough!”
Trump unloaded on Powell for the Fed’s cautious approach to interest rate cuts.
See Trump’s full TRUTH Social post below:
The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!
From The New York Post:
Trump’s anger was sparked by remarks Powell made on Wednesday, when the Fed chair highlighted concerns about the economic impact of the administration’s tariffs.
Powell warned that the tariffs were creating a “challenging scenario” for the Fed — potentially complicating the central bank’s dual mandate to maintain stable inflation and robust employment.
Powell stressed the importance of patience as it relates to the central bank’s monetary policy, noting the Fed needed clearer signals regarding Trump’s trade strategy before deciding on future rate adjustments.
His comments indicated a relatively high threshold for additional rate reductions, underscoring his cautious stance on the matter.
Trump, who has continuously advocated for lower interest rates to spur economic growth, referenced expectations that the European Central Bank (ECB) was preparing to lower rates yet again.
More over at The New York Post:
Trump blasts Federal Reserve Chair Jerome Powell, says his ‘termination cannot come fast enough!’ https://t.co/oalLqd1JTZ pic.twitter.com/xAdsAatn3p
— New York Post (@nypost) April 17, 2025
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