Trump: Unhappy with Powell
Powell: Tariffs have caused inflation to rise
Trump: I don't think Powell is doing a good job
Powell: Without the new tariffs, inflation in the U.S. would have already begun to decline.
Trump: Powell is too late. He is always too late and too slow.
Powell: Tariffs have created uncertainty in inflation and the economy because the uncertainty of tariffs and the new government has led to uncertainty for the Federal Reserve.
Trump: If I want Powell out, he will leave quickly
Powell: The law does not allow the president to dismiss Federal Reserve officials, and I will fight to the last penny