Relationship between President Donald Trump and Federal Reserve Chairman Jerome Powell is rapidly deteriorating.
Trump says House Republicans agreed that Jerome Powell should be fired
President Donald Trump speaks about meeting with House Republicans who agreed that Fed Chair Jerome Powell should be fired.
At the heart of the conflict is Powell’s reluctance to lower interest rates, a stance rooted in the Fed’s cautious, data-dependent approach to managing inflation and economic growth.
Trump, who appointed Powell as Fed chair in 2017, has grown increasingly vocal in his criticism, repeatedly urging the central bank to cut rates as a way to stimulate the economy.
In recent weeks, the president has intensified his pressure campaign, publicly chastising Powell and using personal insults to express his frustration with the Fed's decisions.