US Edition
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.
69 Articles
69 Articles
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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