#TrumpVsPowell Former U.S. President Donald Trump criticized Federal Reserve Chair Jerome Powell, arguing that he should have followed the European Central Bank’s lead in cutting interest rates. The ECB recently lowered rates by 25 basis points, and Trump insisted that with inflation easing in the U.S., Powell "should certainly lower them now."

Trump went further, suggesting Powell could be removed from his position, saying during a press briefing at the Oval Office, “If I want him out, he’ll be out of there real fast, believe me.” These remarks have raised concerns among financial experts and lawmakers about the potential market fallout if Powell were to be dismissed.

Senator Elizabeth Warren warned that such a move could trigger a financial crisis, stating that U.S. markets would crash if Trump had the authority to fire Powell.