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Jerome Powell's Fed won’t rescue Trump from his tariff mess 

9 1
22.04.2025

A Republican is actually standing up to President Trump’s threats. Federal Reserve Bank Chairman Jerome Powell, a Republican, isn’t acquiescing to Trump’s demand that the Fed lower its interest rate — or that Powell step down. It’s not something Trump is used to, and he’s clearly displeased.

Even though Trump appointed Powell as the Fed’s chair in 2018, he has lately been very critical. After Powell’s recent comments to the Economic Club of Chicago, Trump wrote on Truth Social: “Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete ‘mess!’” 

Trump is right that there's a “mess,” but it’s a result of his own ill-conceived and chaotically applied tariffs.

Trump also added, “Too Late should have lowered Interest Rates, like the [European Central Bank], long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!”

The Hill reports that Trump’s people are now looking for ways to fire Powell. But there are at least........

© The Hill