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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President Trump: “Maybe I’ll Have to Change my Mind About Firing Jerome Powell” * 100PercentFedUp.com * by Kaley
President Trump's fiery remarks about Jerome Powell have ignited speculation about a potential shake-up at the Federal Reserve. What prompted this outburst, and what could it mean for the economy? Dive into the full story to find out!
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