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

  • On June 20, 2025, President Donald Trump sharply criticized Federal Reserve Chair Jerome Powell and publicly considered firing him.
  • Trump's criticism stems from Powell not lowering interest rates faster despite inflation still exceeding the Fed's 2% target.
  • Trump called Powell a "Total and Complete Moron," accused him of being an "obvious Trump Hater," and posted lengthy critiques on Truth Social.
  • Trump indicated he might reconsider his position on removing Powell but noted that Powell’s term runs until May 2026 and that firing him could be legally questionable.
  • The dispute highlights tensions over monetary policy and legal limits on firing the Fed chair, with inflation cooling but still above target and economic uncertainty ongoing.
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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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Newsmax broke the news in Washington, United States on Friday, June 20, 2025.
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