Trump vs Powell
1. From Nominee to Nemesis
Trump 🇺🇸 picked Powell as Fed Chair in 2017, but Powell raised rates 📈 and tightened policy 💵, clashing with Trump’s growth-first agenda.
Trump's reaction? Called him an “enemy” ⚔️ of U.S. growth after markets dipped 📉 in 2018.
2. 2019: Rate Cut Pressure
During the China trade war 🇨🇳🔥, Trump slammed Powell as “too late & wrong” ❌ and pushed for faster rate cuts 🔽.
He even explored firing him 🚫—Powell refused to resign and questioned the legality ⚖️.
3. 2025 Feud Reignites
In April 2025, Trump accused Powell of holding rates too high ⏸️ and lagging behind Europe 🇪🇺.
He claimed he may fire Powell and is “studying” it 🔍.
Economists warn: Undermining the Fed could trigger volatility ⚠️, inflation 💸, or stagflation 🌪️.
4. Possible Replacement?
Trump is eyeing Kevin Warsh 👔—a former Fed governor and CBDC supporter 💻🪙—as a Powell replacement, though Warsh warns against abrupt firings 🚨.
5. What’s at Stake?
Fed independence 🏛️ = key to stable inflation ⚖️
Powell warns further cuts may fuel inflation 🔥
Trump wants lower rates to boost growth 📈 amid tariff pressures 🏷️
Current Status (as of April 19, 2025):
Powell stays on ⏳ (term ends May 2026) while the Supreme Court ⚖️ weighs in on removal powers.
The fight continues to shape U.S. economic policy ⚡
Disclaimer:
For informational purposes only. Not financial or legal advice. Based on public reports as of April 2025.