#PowellVsTrump

The Jerome Powell vs. Donald Trump saga continues to heat up! 🔥 The recent June 2025 FOMC meeting saw the Federal Reserve, led by Chair Powell, holding interest rates steady at 4.25%-4.5% for the fourth consecutive time. This decision has ignited fresh, strong criticism from President Donald Trump. 😡

Trump has been vociferously demanding significant rate cuts, even suggesting a massive 2.5-point reduction, calling Powell "stupid," "a numbskull," and "one of the dumbest and most destructive people in Government." 🤯

He argues that high rates are costing the country "hundreds of billions of dollars" and putting the US at an economic disadvantage compared to other nations, pointing out that European central banks have already implemented rate cuts. 🇪🇺✂️

Powell, meanwhile, remains firm on the Fed's independence, emphasizing that decisions are based solely on economic data and their dual mandate of maximizing employment and maintaining price stability. 📊 He acknowledged that Trump's tariffs are "likely to push up prices and weigh on economic activity," creating uncertainty and making the Fed cautious about cutting rates too soon, which could reignite inflation. 📈

The conflict highlights a fundamental tension between political pressure for economic stimulus and the central bank's mandate for long-term stability. While the Fed's latest projections still signal two rate cuts this year, they are maintaining a "wait-and-see" approach, much to Trump's dismay. This ongoing clash adds a layer of political uncertainty to the economic outlook. 🏛️💬