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Trump Intensifies Push to Oust Fed Chair Powell Over Rate Disputes

  • President Donald Trump criticized Federal Reserve Chair Jerome Powell, stating that Powell's "termination cannot come fast enough" regarding interest rate cuts.
  • Powell stated that Trump's tariffs have led the Fed to seek "greater clarity" on policy impacts before altering interest rates.
  • Trump argues that the Fed should align its rates with the European Central Bank, which recently announced cuts.
  • Powell defended the Fed's independence, affirming that it will not be swayed by "any political pressure.
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Forbes broke the news in United States on Thursday, April 17, 2025.
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