Strange, since he is so clear about not liking this person, why not just replace him directly? Does the President of the United States have the authority to replace the Chairman of the Federal Reserve?

Trump criticizes Powell again: may consider replacing his position, calls for an immediate interest rate cut to save trillions in spending.

Recently, Trump posted on his social media platform Truth again criticizing Federal Reserve Chairman Powell, stating that he should decisively cut interest rates by one to two basis points to save the United States up to $1 trillion in spending annually. He mentioned that he had previously tried to promote interest rate cuts through mild, neutral, and tough approaches, but none had worked.

Trump also stated, "Stop using future inflation risks as an excuse; there is currently no inflation, and even if it does appear in the future, raising interest rates can wait." He criticized Powell as a "complete idiot" and mentioned that he might reconsider whether to replace him, but emphasized that Powell's term is coming to an end, so there is no need to rush. $ETH