The Frank
Home
Today's Fastrack
About
Subscribe
Trump Blasts Powell — Fed Chair Defiant

Trump Blasts Powell — Fed Chair Defiant

author
author

The Frank Staff

The Frank Staff.
[email protected]
@TheFrank_com
The Frank Staff
author

The Frank Staff

The Frank Staff.
[email protected]
@TheFrank_com

Apr 17, 2025

·

0 min read

Share options

Email
Facebook
X
Telegram
WhatsApp
Reddit

President Donald Trump on Thursday again called for the Federal Reserve to lower rates and even hinted at the “termination” of Chair Jerome Powell.

In a Truth Social post, Trump said:

“The ECB is expected to cut interest rates for the 7th time, and yet, ‘Too Late’ Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete ‘mess!’ Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!”

Indeed, the European Central Bank has been cutting rates as it tries to boost growth in the region. The ECB lowered rates again later Thursday.

To be sure, a senior White House official told CNBC that the post should not be seen as a threat to fire Powell, but rather as a reinstatement of Trump’s frustrations with the Fed chief.

The post comes a day after Powell delivered a speech at the Economic Club of Chicago in which he noted that the administration’s tariffs put the central bank in a tricky spot as it decides whether to tame inflation or boost growth.

“If that were to occur, we would consider how far the economy is from each goal, and the potentially different time horizons over which those respective gaps would be anticipated to close,” Powell said. Those comments contributed to a steep sell-off on Wednesday.

This is not the first time Trump has criticized Powell’s approach to U.S. monetary policy. Trump posted on April 4, two days after the administration’s “Liberation Day” tariff announcement, that it would be “a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always ‘late,’ but he could now change his image, and quickly.”

However, it is the first time Trump has explicitly called for Powell’s firing. Powell has said the president does not have the power to fire him, noting that it is “not permitted under the law.”

Powell’s term as Fed chair ends in May 2026.

Share options

Email
Facebook
X
Telegram
WhatsApp
Reddit

White House Says Trade Deal Reached with China

May 12, 2025

4 min

Trump to Sign Executive Order to Cut Drug Prices by Up to 80%

May 12, 2025

2 min

Zelensky Agrees to Meet with Putin in Turkey on Thursday

May 12, 2025

2 min

Trump to Accept Luxury Jet from Qatar to Use as Air Force 1

May 12, 2025

4 min

Hamas to Release Israeli-American Hostage Edan Alexander

May 12, 2025

4 min

NC College Student Killed by ‘Career Criminal’ as She Slept

May 12, 2025

2 min

Elizabeth Holmes’s Partner Raises Millions for Blood-Testing Startup

May 12, 2025

3 min

ICE Attacked During Arrest of Violent Illegal Immigrant

May 12, 2025

2 min

Actor John Cleese Suggests Hanging Stephen Miller ‘By the Neck’ — Deletes Tweet

May 11, 2025

1 min

DOGE Deactivates Over 500,000 Credit Cards

May 12, 2025

2 min

Diddy Trial Drama: Star Witness Vanishes Ahead of Testimony

May 11, 2025

1 min

Zelensky Responds to Putin’s Counterproposal: Ceasefire, Then We Talk

May 11, 2025

3 min

Ocasio-Cortez Not Ruling White House Bid Out

May 11, 2025

4 min

Male Wins Girls HS Track Events in Maine

May 11, 2025

2 min

Pope Leo Warns Over AI as MIT Researcher Finds 90% Probability of 'Existential Threat'

May 11, 2025

2 min

US-China Tariff Talks Continue Sunday, Trump Praises Progress

May 11, 2025

5 min

Jerusalem Post: Trump to Announce US Recognition of Palestinian State

May 11, 2025

3 min

Putin Proposes Direct Talks with Ukraine to End War

May 11, 2025

<1 min

DHS Weighing Arrest of Dems Who Stormed ICE Facility

May 11, 2025

2 min

Ex-‘Teacher of the Year’ Sentenced to 30 Years for Grooming Students

May 11, 2025

2 min

  • Today's Fastrack
  • About
  • Contact
  • Policy & Terms
  • Recaptcha