US Edition
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.
81 Articles
81 Articles
Marin Independent Journal
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…
US Federal Reserve keeps interest rates unchanged
Despite pressure from US President Donald Trump, the US Federal Reserve announced on Wednesday that it would keep interest rates unchanged, as widely expected. The Fed decided to maintain the target range for the federal funds rate at 4.25 to 4.50% to support its dual goals of maximum employment and long-term inflation at 2%.The committee’s...
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.
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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