‘He should bring them down’
U.S. President Donald Trump and U.S. Federal Reserve Chair Jerome Powell.
Win McNamee | Annabelle Gordon | Reuters
President Donald Trump criticized Federal Reserve Chair Jerome Powell once again, expressing his dissatisfaction with current economic policies.
During a press briefing, Trump highlighted instances of decreasing prices and suggested that a more competent Fed Chairman would lower interest rates.
Trump has been advocating for interest rate cuts by the Fed, intensifying his criticism of Powell in recent days.
White House economic adviser Kevin Hassett hinted at the possibility of removing Powell from his position, although Powell has stated his intention to serve until 2026.
Trump’s remarks on social media and in public appearances signal a growing rift with Powell over economic strategies and policy decisions.
Powell’s cautionary statements about the impact of Trump’s tariff plan on inflation and economic goals have further strained their relationship.
The Federal Open Market Committee currently maintains a borrowing rate between 4.25% and 4.5%, with expectations of no immediate changes at the next policy meeting.
As tensions rise between Trump and Powell, political figures like Sen. Elizabeth Warren warn of potential market disruptions if the Fed chief is removed by the president.
