US EditionTrump Blames Federal Reserve Board on Powell, Rates
UNITED STATES, JUL 17 – Trump blames Fed Chair Powell for high interest rates hindering home purchases and has drafted but not sent a firing letter; Federal Reserve governor Chris Waller is open to replacing him.
- On July 18, 2025, President Donald Trump criticized officials at the U.S. Federal Reserve, including Chairman Jerome Powell, and urged them to reduce interest rates.
- Trump's criticism follows the Fed's decision to keep rates steady since December amid concerns inflation risks are tied to his trade policies and tariffs.
- Federal Reserve governor Chris Waller supports a rate cut at the upcoming July meeting and worries about slowing private sector hiring despite low unemployment.
- Trump called Powell “Too Late” on July 18, saying the Fed’s high rates hamper housing, while net interest on the debt consumes 14% of the budget, equal to Medicare and defense combined.
- Trump’s pressure on the Fed raises concern about undermining its independence, risking market confidence and potentially increasing inflation and federal debt servicing costs.
17 Articles
17 Articles
Kirk Greene: Federal Spending Spirals as U.S. Debt Heads Toward Danger Zone
The Federal Reserve has been under attack of late. For several months, President Donald Trump has been calling Fed chairman Jerome Powell “Too-Late Powell” in pushing the central bank to lower interest rates. Real estate guys always love low interest rates, but I happen to agree with the Federal Open Market Committee decision to hold interest rates steady as they watch the data. The economy seems to be doing fine, stock and bond markets are beha…
Federal Reserve independence at risk from Trump's pressure campaign, J.P. Morgan warns
According to a J.P. Morgan research note, President Donald Trump's efforts to pressure the Federal Reserve into cutting interest rates could risk undermining the central bank's independence, raising the risk of inflation or politically-influenced monetary policy mistakes. Trump has repeatedly urged the central bank to cut interest rates by as much as three percentage points to boost the economy and lower the cost of servicing America's more than…
Coverage Details
Bias Distribution
- 70% of the sources lean Right
To view factuality data please Upgrade to Premium
