Mr. Trump demands the immediate firing of the Fed chairman for slow interest rate cuts.
After the Fed warned about the difficult situation it is facing due to tariffs, President Trump has demanded the immediate firing of Chairman Jerome Powell.
Tensions between the White House and the U.S. Federal Reserve (Fed) have escalated once again as President Donald Trump has publicly criticized Fed Chairman Jerome Powell on the social media platform Truth Social.
This move comes after Mr. Powell warned about the difficult situation the Fed is facing due to Mr. Trump's tariffs.
"The firing of Powell cannot be delayed any longer!", Mr. Trump wrote on his social media page. He did not hesitate to emphasize that the Fed chairman "always acts incorrectly and too slowly". The U.S. President believes that the Fed should follow the lead of other central banks around the world in cutting interest rates.
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