US EditionTrump: ‘Maybe I’ll have to change my mind’ about firing Powell
- On June 20, US President Donald Trump intensified his attacks on Federal Reserve Chair Jerome Powell, openly considering his dismissal and expressing doubts about the Fed's leadership.
- Trump's criticism stems from Powell's decision to keep interest rates steady after several hikes aimed at reducing inflation amid Trump's tariff policies.
- Trump called Powell a "Total and Complete Moron," expressed frustration that being nice or neutral failed to influence rate cuts, and wonders why the Board doesn't override him.
- Federal law and a recent Supreme Court ruling protect Powell from dismissal except for cause, and Powell stated he will not resign voluntarily if Trump asks.
- Trump's intensified attacks highlight ongoing tensions over monetary policy, but legal safeguards and Powell's term through May 2026 suggest removal remains unlikely.
Insights by Ground AI
Does this summary seem wrong?
28 Articles
28 Articles
All
Left
4
Center
6
Right
7
President Donald Trump again criticized the head of the Federal Reserve (Fed) on Friday, asking whether he should “send him off” for the US central bank to adopt lower interest rates. “I don’t know why the board (of Fed governors) doesn’t overturn that complete idiot. Maybe, just maybe, will I have to change my idea of firing him? But despite everything, his term of office ends soon!” Trump wrote on his Truth Social platform referring to Fed Pre…
Coverage Details
Total News Sources28
Leaning Left4Leaning Right7Center6Last UpdatedBias Distribution41% Right
Bias Distribution
- 41% of the sources lean Right
41% Right
L 24%
C 35%
R 41%
Factuality
To view factuality data please Upgrade to Premium
