#TrumpVsPowell Trump sharply criticizes the chairman of the Federal Reserve System (Fed) Jerome Powell for his refusal to lower the key interest rate and for criticizing Trump's tariff policy. Powell stated that Trump's tariffs could lead to rising inflation and unemployment, complicating the Fed's task of stabilizing the economy. In response, Trump accused Powell of mistakes and called for his resignation, threatening dismissal, although this is legally complicated due to the Fed's independence and the protection of the chairman by law.