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#PowellRemarks Trump Slams Fed Chair Powell: “Too Late Jerome” Under Fire
Just moments ago, Donald Trump launched a scathing attack on Federal Reserve Chair Jerome Powell, branding him “Too Late Jerome” and declaring:
“Powell’s termination cannot come fast enough.”
Here’s the breakdown:
Why Trump’s Lashing Out:
Rate Showdown: While the European Central Bank gears up for its seventh rate cut, the Fed remains on pause.
Timing Trouble: Trump says Powell missed the moment—pointing out that inflation is easing, oil prices are down, groceries are cheaper, and tariffs are driving growth.
Bottom Line: Trump claims Powell is consistently late to act—and always gets it wrong.
Trump’s Demands:
Slash Rates Now: Trump is pushing for immediate interest rate cuts to supercharge the economy.
Powell Out: He’s made no secret of it—Trump wants Powell gone, insisting he “should’ve been replaced long ago.”
Can Trump Actually Fire Powell?
Short Answer: No.
The President can’t remove a Fed Chair over policy disagreements.
Powell’s Term: Runs through May 2026, and he’s signaled no intention to step down under pressure.
Why This Matters:
Market Turbulence?
Political interference in Fed policy could shake investor confidence and trigger market volatility.
Tariff Tensions:
Powell has previously warned that Trump’s tariff plans could reignite inflation—which complicates any move to cut rates.
What’s Next?
If Trump wins a second term, one thing’s clear:
Powell’s time at the Fed could be cut short.
A Trump comeback might bring sweeping changes to the central bank’s leadership—and its economic strategy.