US EditionTrump Says He’ll Pick a Fed Chair Who Wants to Cut Rates
- On June 27, 2025, President Donald Trump criticized Federal Reserve Chair Jerome Powell and indicated he plans to nominate a successor before Powell’s term ends in May 2026.
- Trump’s criticism stems from his desire for lower interest rates, which Powell has resisted due to concerns about inflation and economic stability, leading to sustained tension since 2020.
- Trump repeatedly insulted Powell’s competence, calling him “a very stupid person” with a “low IQ,” while naming possible replacements, including Kevin Warsh, Scott Bessent, and Kevin Hassett.
- The Fed last kept rates steady in the 4.25%-4.50% range despite Trump’s demands for a cut to 1%, and experts note Fed chairs cannot be legally dismissed over policy disagreements.
- Trump’s push to replace Powell and his personal attacks could influence future monetary policy, market expectations, and signal a shift toward more aggressive rate cuts ahead of the end of Powell’s term.
53 Articles
53 Articles
Trump says he won't appoint anyone to Fed who doesn't back rate cuts
U.S. President Donald Trump said on Friday he would not appoint anyone to head the Federal Reserve who would not lower interest rates from where they are, setting perhaps the most explicit litmus test yet for candidates to be the next central bank chief to align with his demands for steep rate cuts in order to get the job.
Fed Chair Powell Imagines a Potential Inflation Shock
Federal Reserve Chair Jerome Powell refuses to cut the rates despite inflation being clearly under control. The EU has cut the rates ten times to nothing from Powell. Most believe he is doing it out of contempt for Donald Trump. If so, he’s willing to harm American people to get at Trump, proving Trump’s point […] The post Fed Chair Powell Imagines a Potential Inflation Shock appeared first on www.independentsentinel.com.
President Donald Trump said he would elect a successor to the Federal Reserve President, Jerome Powell, who wants to cut interest rates, a condition that would attack the heart of central bank independence. “If I think someone is going to keep the rates as they are or whatever, I’m not going to include it. I’m going to include someone who wants to lower the rates. There are many out there,” Trump told the press on Friday. The president intensifi…
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