US EditionMacroscope | Trump’s Crusade Against the Fed Turning US Into an Emerging Market
UNITED STATES, JUL 17 – Trump criticized Federal Reserve Chair Jerome Powell for keeping interest rates high and questioned a $2.5 billion Fed building renovation amid ongoing disputes about monetary policy.
- On Wednesday, President Donald Trump renewed his attacks on Federal Reserve Chair Jerome Powell for refusing to aggressively lower interest rates in the United States.
- Trump’s criticism stems from Powell maintaining the benchmark Federal Reserve rate between 4.25 and 4.5 percent despite Trump's desire for a rate near 1 percent, matching low rates in countries like Switzerland and Thailand.
- Trump discussed firing Powell during a recent meeting with Republican lawmakers, brandishing a letter proposing his dismissal, yet he has not ruled out any option and denied immediate plans to fire him.
- In June, the annual inflation rate reached 2.7 percent, marking the highest level since February, while Trump claimed that inflation driven by Biden’s policies has come to an end—a position contradicted by Powell’s choice to maintain the current interest rates.
- Powell’s term expires in May 2026, and ongoing tensions between Trump and the Fed chair suggest future uncertainty for US monetary policy amid concerns that firing Powell could destabilize markets.
12 Articles
12 Articles
Donald Trump absolutely wants to get rid of Fed boss Jerome Powell. However, a casting out of the central banker is legally difficult. So the White House is now constructing a charge of fraud against him.
The central banker accused of spending too much money to renovate two office buildings
The chances of Jerome Powell finishing his term as president of the Federal Reserve (Fed) in May 2026 are becoming more volatile. However, this Wednesday the president has turned his speech around and assured his cessation is "highly unlikely" and that "he does not plan to do anything." With this comes to deny the rumor circulating in the market after an official said that he will try to relieve him shortly, a decision that he would have apparen…
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