US EditionPowell Under Siege as Fed Conference Kicks Off
UNITED STATES, JUL 22 – Trump accuses Fed Chair Jerome Powell of political bias and mishandling interest rates while pushing for lower rates despite inflation near 3%, sparking market concerns, analysts say.
- On July 22, 2025, President Donald Trump attacked Powell's leadership, calling him 'too late' and accusing him of overspending on Fed renovations, in Washington, DC.
- Trump said rates at 4.25%–4.50% should fall by three points, expressing a recurring wish for a rate cut, Jonathan Ernst, Reuters correspondent, reported.
- Last Tuesday, Trump polled House Republicans on firing Powell, reportedly showing a draft termination letter.
- Amid market jitters, Bessent called for a full review, with markets rattled by firing speculation for weeks.
- The Federal Reserve gauges uncertainty before a planned rate cut in September, with officials expecting to hold rates steady amid resilient economic growth.
72 Articles
72 Articles
'Almost no way this claim is remotely true': Economics expert dismantles Trump's math
Wall Street Journal chief economics correspondent Nick Timiraos quickly saw the flaw in President Donald Trump’s Wednesday rant against Federal Reserve Chair Jerome Powell’s refusal to lower interest rates."Housing in our Country is lagging because Jerome 'Too Late' Powell refuses to lower Interest Rates," Trump said in a post on Truth Social. “… Our rate should be three points lower than they are, saving us $1 trillion per year (as a country). …
In his second term, President Donald Trump has stepped up pressure on Federal Reserve Bank (Fed) President Jerome Powell to speed up the decline in the federal fund rate. In his opinion, Powell’s management has been inadequate and the interest rate should be around 1.0 percent, with the aim of generating social benefits. Trump has stated that, although he has considered it, he will not remove Powell from office. These pressures have been reinfor…
The chairman of the US Federal Reserve is sitting in the slingshot seat. US President Donald Trump wants sharply lower interest rates.
The Billings Gazette
Jill On Money: What Trump vs. Powell means for you
Anyone who has gone through a construction project knows the perils of project creep and cost overruns. For Federal Reserve Chair Jerome Powell, the experience might lead to a more difficult end to his tenure as Fed Chair or potentially…
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