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Trump: ‘Maybe I’ll have to change my mind’ about firing Powell

  • US President Donald Trump hinted on Truth Social that he might reconsider his decision to remove Federal Reserve Chair Jerome Powell.
  • Trump's reconsideration follows repeated criticism of Powell for not lowering interest rates despite trying to influence him by being nice, neutral, and nasty without success.
  • Powell, appointed by Trump, leads the Fed with his term ending in May 2026, and no Fed board members have shown willingness to override him amid ongoing debates on inflation and rate cuts.
  • Trump called Powell a "Total and Complete Moron" and admitted his attacks make lowering rates harder, while White House adviser Kevin Hassett urged immediate Fed rate cuts citing upcoming data.
  • The evolving tension suggests possible shifts in Trump’s stance and continued pressure on the Fed as inflation data and economic reports due soon may influence future policy decisions.
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81 Articles

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Center
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Marin Independent JournalMarin Independent Journal
+11 Reposted by 11 other sources
Center

Fed vs. Trump on tariffs impact will soon be put to test

By Amara Omeokwe, Bloomberg News It’s a widely held belief among economists that President Donald Trump’s tariffs will boost inflation notably over the next few months. But muted price increases so far have called that assumption into question, emboldening the White House and opening up divisions at the Federal Reserve. Related Articles Senate strikes AI provision from GOP bill after uproar from the states As Trump…

CNNCNN
+9 Reposted by 9 other sources
Lean Left

Fed officials are starting to break rank and join Trump

Some Federal Reserve officials are joining President Donald Trump in calling for lower interest rates as soon as July.

·Atlanta, United States
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Lean Right

Jerome Powell, the Fed's boss, annoyed Donald Trump, who calls for lower rates. Debate on his succession has been revived, says our columnist Bastien Drut, head of studies and strategy at CPR Asset Management, writer and associate professor at CNAM.

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Bias Distribution

  • 44% of the sources are Center
44% Center
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Newsmax broke the news in Washington, United States on Friday, June 20, 2025.
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