#TrumpVsPowell

President Trump has once again intensified his feud with Federal Reserve Chair Jerome Powell, declaring that Powell's "termination cannot come fast enough" due to frustration over the Fed's reluctance to cut interest rates amid persistent inflation and Trump's own tariffs. Powell recently warned that the tariffs could lead to more persistent inflation and slower growth, urging caution before making rate changes. Despite Trump's claims, Powell has stated he does not plan to resign and that the Fed operates independently, protected by law from dismissal without cause. This ongoing clash highlights the tension between political pressures and central bank independence in managing the U.S. economy. #TrumpVsPowell #FedIndependence #InterestRates #Inflation #EconomicPolicy

Citations:

[1] Trump and Powell, Deja Vu on Interest Rates All Over Again https://www.usnews.com/news/economy/articles/2025-04-18/trump-and-powell-deja-vu-on-interest-rates-all-over-again

[2] Trump calls for Fed Chair Jerome Powell's 'termination' - NPR https://www.npr.org/2025/04/17/nx-s1-5367696/trump-jerome-powell-federal-reserve-economy-tariffs

[3] Trump says Fed Chair Powell's 'termination cannot come fast enough' https://apnews.com/article/trump-powell-federal-reserve-fed-termination-b6148c8048dda538a6ca3b5a270fd09e

[4] Trump amps up feud with Fed over rates, accuses Powell ... - Reuters https://www.reuters.com/world/us/trump-says-fed-chair-powells-termination-cant-come-fast-enough-2025-04-17/

[5] 6 times Trump's long-running feud with Fed Chair Powell has spilled ... https://www.businessinsider.com/donald-trump-jerome-powell-feud-rivalry-interest-rates-stocks-economy-2025-4

[6] Trump wants Powell out of the Fed. Waiting in the wings is Kevin ... https://www.cnn.com/2025/04/18/economy/kevin-warsh-federal-reserve-chair/index.html

[7] Trump's knives are out for Jerome Powell, setting up a Supreme ... https://fortune.com/article/trump-jerome-powell-federal-reserve-supreme-court-humphreys-executor/