Trump Criticizes Powell Sharply and Calls for Federal Reserve Intervention
In a provocative statement on August 1, 2025, U.S. President Donald Trump launched a scathing critique of Federal Reserve Chairman Jerome Powell, urging the Fed to intervene and strip him of his powers if he continued to refuse to lower interest rates.
Trump described Powell as "stubborn and foolish," arguing that his hawkish stance on interest rates harms the U.S. economy and necessitates direct intervention from the Federal Reserve to regain control over monetary policy.
