#TrumpVsPowell

As of April 19, 2025, the rift between President Donald Trump and Federal $Reserve Chair Jerome Powell has deepened. Trump has openly criticized Powell for moving too slowly on interest rate cuts, especially in contrast to the more aggressive approach taken by the European Central Bank. In a recent Truth Social post, Trump referred to Powell as “Too Late Jerome” and signaled support for his removal, voicing frustration over the Fed’s measured response amid the administration’s new tariff-driven economic strategy (via American Banker).

Interestingly, back in December 2024, Trump had told NBC he had no intention of replacing Powell before his term ends in May 2026. But the situation appears to be shifting. According to recent reports, Trump is now eyeing Kevin Warsh—a former Fed governor and longtime economic advisor—as a possible replacement. Warsh, known for favoring a more hawkish monetary stance, has reportedly met with Trump at Mar-a-Lago to discuss the role.

This growing friction has reignited concerns about the Federal Reserve’s independence and the broader consequences of increased political pressure on central banking decisions.