US EditionTrump Encourages Powell to Resign in Latest Attack on the Fed Chair - West Hawaii Today
- On June 27, US President Donald Trump publicly criticized Federal Reserve Chair Jerome Powell in Washington, urging him to resign and labeling him a stubborn mule.
- Trump's attacks followed months of pressure on Powell to lower interest rates amid rising borrowing costs and a benchmark rate of 4.25% to 4.5%.
- Trump claimed that lowering rates could save the government hundreds of billions annually and said he would not appoint anyone who keeps rates unchanged.
- Powell's term ends in May 2026, and Trump said he is choosing among three or four candidates to replace him with a loyalist who would cut rates.
- These criticisms raised concerns about political interference in monetary policy, contributed to weakening the US dollar, and hinted at continued Fed rate tensions.
17 Articles
17 Articles
Trump encourages Powell to resign in latest attack on the Fed chair - West Hawaii Today
President Donald Trump continued his assault on the chair of the Federal Reserve on Friday, saying he would like Jerome Powell to resign. The president, who has berated Powell for weeks, called the chair a “stubborn mule” who has “Trump derangement syndrome” for his refusal to immediately lower borrowing costs.
McMaken: How the Fed Made Housing Unaffordable
Donald Trump and his allies continue to complain that the central bank isn’t inflating the money supply enough. Last week, Bill Pulte, Trump’s appointee to the Federal Housing and Finance Administration—and the head of Fannie and Freddie—complained that Powell and the FOMC weren’t forcing down interest rates enough. Pulte wrote on X/Twitter: Because President Trump has crushed ... Read more Source
Donald Trump's anger is growing towards the FED chief after he refuses to lower interest rates in the US.
US President Donald Trump would love Jerome Powell, President of the US Central Bank (Fed), to resign. Mr. Trump describes Mr. Powell as a stupid person and believes that he has done a demeaning job. ...
U.S. President Donald Trump once again attacked Federal Reserve Governor Jerome Powell, calling him a stupid person who made a terrible...
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