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Trump Intensifies Push to Oust Fed Chair Powell Over Rate Disputes

  • Donald Trump intensified criticism of Federal Reserve Chair Jerome Powell, suggesting that his termination cannot come fast enough due to concerns over interest rates and inflation pressures.
  • Powell stated that the Fed's decisions must be based on the best interests of all Americans and maintained the Fed's independence from political influence.
  • Trump has called for interest rate cuts, claiming prices are down, while Powell warned that Trump's tariffs may lead to increased inflation and slow growth.
  • The conflict highlights the limitations of presidential power over the Federal Reserve, with Powell's term set to run until May 2026.
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Trump's attacks on Powell threaten the Fed's independence. Here's why it matters

Donald Trump has stepped up his attacks on Federal Reserve Chair Jerome Powell at the same time that the Supreme Court is considering a case that could make it easier for the president to fire him.

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Forbes broke the news in United States on Thursday, April 17, 2025.
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