Trump Slams Fed Chair Powell Over Interest Rates

President Donald Trump is once again calling out one of the most out-of-touch officials in Washington Federal Reserve Chair Jerome Powell. On Thursday, Trump lit up Truth Social, demanding immediate interest rate cuts and declaring that Powell’s “termination cannot come fast enough.”

This isn’t the first time Trump has sounded the alarm on Powell’s inept leadership. But the timing couldn’t be more crucial. As the European Central Bank moves forward with its seventh interest rate cut, Powell continues to sit on his hands, stalling the U.S. economy with painfully high rates while inflation cools and tariffs bring in billions.

“Too Late should have lowered Interest Rates, like the ECB, long ago,” Trump posted. “Powell’s termination cannot come fast enough!”

Here’s what Powell doesn’t seem to grasp:

• Inflation has already eased, with core inflation dropping from 6.6% in 2022 to 3.8% in 2024.

• Grocery prices, oil, and basic essentials are stabilizing, showing that inflation fears are overblown.

• Tariffs are working, bringing leverage to U.S. trade deals and generating over $120 billion in federal revenue since 2018.

Yet Powell is more concerned with hypothetical inflation spikes than with boosting American families, small businesses, and investors. His stale playbook, laced with bureaucratic jargon and inaction, is undermining a U.S. economy poised for growth under common-sense leadership.

At the Economic Club of Chicago, Powell trotted out the tired narrative that Trump’s tariffs would somehow cause long-term inflation. But that rhetoric isn’t backed by today’s economic reality. Trump’s targeted tariffs like the 145% on China’s goods are strategic moves to force fair play on the global stage, and they’re already pressuring countries like China, Japan, and Italy to come to the table.

Powell, however, continues to delay, claiming he’s “waiting for greater clarity” before adjusting policy. Meanwhile, Americans are saddled with higher borrowing costs while the rest of the world races ahead with rate cuts.

Let’s be honest Powell’s allegiance seems less to the American people and more to the D.C. establishment. He talks about “maximum employment and price stability,” but it’s clear we’re moving away from those goals under his indecision and lack of vision.

With Trump leading the charge into 2024, it’s time for leadership that prioritizes economic growth, not one that hides behind outdated theories and fear-driven policy delays. The Trump economy is surging again despite Powell not because of him.

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