#TrumpVsPowell
President Donald Trump’s swipe at Jerome Powell Thursday, in which he referred to the Federal Reserve chief’s “termination," marks the latest salvo in Trump’s longstanding efforts to browbeat the central bank chairman into lowering interest rates.
“Powell’s termination cannot come fast enough!” Trump wrote on Truth Social of Powell, whose term as chair ends in May 2026.
But the attack comes at an especially fraught moment for the Fed, experts say, with the Trump administration challenging restraints that prevent the president from firing board members of independent agencies.
The Fed also faces a historic quandary as it weighs whether to cut interest rates amid an unusual conflict between its missions to keep inflation low while promoting a sturdy economy and job market.