Trump calls Fed chairman, Jerome Powell, a "big loser"
On Monday, April 21, 2025, the President of the United States, Donald Trump, harshly criticized the chairman of the Federal Reserve (Fed), Jerome Powell. In a post on the Truth Social network, Trump referred to him as a “big loser” and “Mr. Too Late,” alleging that Powell is taking too long to act to cut interest rates.
According to Trump, the Fed's hesitation could lead to a significant economic slowdown. He accused Powell of being insensitive to the current moment and demanded immediate action to stimulate the economy.
The president's statements had a strong impact on the financial markets. The Dow Jones index fell by about 1,000 points (approximately 2.8%), while the S&P 500 and Nasdaq recorded declines close to 3%. The dollar reached its lowest level in three years, and Treasury yields rose, reflecting investor insecurity regarding monetary policy and the independence of the Fed.
Trump also suggested that he might fire Powell before the end of his term, scheduled for 2026 — which would raise legal and institutional concerns about the autonomy of the American central bank.
For his part, Jerome Powell reaffirmed the Fed's commitment to independence and assured that he will continue to focus on economic stability, even in the face of political pressures.