Trump Attacks Fed Chair Powell in Morning Post: “He Should Be Fired ASAP!”
As expected after Powell’s remarks yesterday, Trump lashed out today, calling for his immediate removal.
Key points of Trump’s criticism:
▪️ Powell reacts too late to economic signals
▪️ Failed to cut rates — unlike the ECB, which Trump claims is set to lower rates for the 7th time
▪️ Issued yet another “typical, chaotic report”
Trump insists the Fed must lower rates immediately, because:
▪️ Oil and food prices (even eggs!) are falling
▪️ The U.S. is “getting richer thanks to tariffs”
He ended with:
“Powell should have cut rates long ago. Now he must do it. His firing can’t happen fast enough!”
All this comes after Powell’s bold statement yesterday:
“Don’t expect the Fed to save the market. Trump changes daily. The Fed won’t cave to political pressure.”
Clear signs of deepening conflict between Trump and the Fed.
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