Trump recently fired back during an interview with Newsmax, this time directly targeting Federal Reserve Chairman Powell. The understood king spoke as straightforwardly as ever, starting off with harsh words: "If I wanted to fire Powell, there would be absolutely no hesitation!" But then he quickly changed his tune, self-correcting by saying that if he really did that, the market would be in chaos.
This interview was quite interesting; Trump was biting his teeth and complaining that the Federal Reserve set interest rates too high, saying, "They have no idea what they are doing," while also having to admit reality: "That guy Powell will probably still have to stay in that position." This kind of contradictory statement is particularly characteristic of Trump; clearly fuming inside, yet needing to consider the actual impact.
Speaking of interest rates, Trump simply can't stop. He insists that the current level of interest rates is absurdly high and is completely dragging down economic development. However, interestingly, although he berated Powell mercilessly, when asked if he would really replace him, he suddenly became realistic. After all, the current economic situation is so sensitive that casually moving the Federal Reserve chairman from such a key position could indeed trigger a market earthquake.
This interview showcased Trump's style of doing things to the fullest: his words are tougher than anyone else's, often calling to "fire this" and "dismiss that," but when it comes to making decisions, he understands weighing pros and cons better than anyone. His high-profile criticism of the Federal Reserve is clearly aimed at building momentum for his campaign, as economic issues are always what voters care about the most. However, that said, given Trump's personality, if he were to really return to the White House, Powell's days might not be too pleasant.