#TrumpVsPowell

President Donald Trump is again calling for the Federal Reserve to cut interest rates, criticizing Chair Jerome Powell for not understanding monetary policy. Trump believes that with the right leadership, interest rates would be lower. "If we had a Fed Chairman that understood what he was doing, interest rates would be coming down too," Trump said, suggesting Powell lacks the necessary expertise. This criticism comes as inflation rates decline, according to Trump. However, Powell has pushed back against political pressure, warning that Trump's tariff policies could lead to temporary inflation increases. The Federal Reserve chair has emphasized the central bank's independence, stating that a sitting president cannot legally dismiss a Fed chair without cause.¹

President Donald Trump is again calling for the Federal Reserve to cut interest rates, criticizing Chair Jerome Powell for not understanding monetary policy. Trump believes that with the right leadership, interest rates would be lower. "If we had a Fed Chairman that understood what he was doing, interest rates would be coming down too," Trump said, suggesting Powell lacks the necessary expertise. This criticism comes as inflation rates decline, according to Trump. However, Powell has pushed back against political pressure, warning that Trump's tariff policies could lead to temporary inflation increases. The Federal Reserve chair has emphasized the central bank's independence, stating that a sitting president cannot legally dismiss a Fed chair without cause.¹