Tensions have reached a boiling point as President Donald Trump has called out Federal Reserve Chairman Jerome Powell, labeling him a “major loser” and demanding immediate interest rate cuts.
See the tweet below.
Trump’s pointed criticism comes as inflation has virtually disappeared while Powell stubbornly maintains high rates that threaten American prosperity.
The President is exploring legal options to remove Powell before his term ends in 2026.
In a series of powerful statements on Truth Social, President Trump did not mince words about the Federal Reserve Chairman’s performance.
“The FED should be cutting interest rates right now,” Trump declared, emphasizing that “Preemptive Cuts” are needed immediately to prevent economic decline.
Trump pointed out that the American economy has “virtually no inflation”, with energy costs and other expenses dropping.
Trump’s economic instincts have repeatedly proven correct during his presidency. His policies created one of the strongest economies in American history before the pandemic.
As financial experts raise alarms about potential slowdowns, Powell’s refusal to act appears increasingly political and detached from economic reality.
While Powell claims that the President cannot legally remove him before his term ends in May 2026, Trump’s team is investigating whether this is actually true.
The President’s dissatisfaction with Powell is well-founded.
Markets have already responded negatively to Powell’s stubbornness, with the Dow Jones dropping over 600 points and the Nasdaq falling nearly 2.5% amid concerns about Federal Reserve independence and Trump’s necessary plans to restore American economic strength.
Moreover, following Trump’s comments, the U.S. dollar has reached its lowest level since 2022, indicating the market’s clear preference for Trump’s economic vision over Powell’s outdated approach.
Wall Street analysts have warned that Powell’s resistance to Trump’s economic agenda could trigger further market declines if the interest rate standoff continues.
Financial insiders have suggested that firing Powell could lead to short-term market volatility.
Still, many patriots and economic experts understand that short-term market adjustments are sometimes necessary for long-term economic health.
Conservatives have long questioned the Federal Reserve’s independence, seeing it as unaccountable to voters while wielding enormous power over everyday Americans’ financial well-being.
Despite clear market signals, Powell’s refusal to implement Trump’s economic vision demonstrates the dangerous disconnect between Washington bureaucrats and real-world economic conditions.
As inflation concerns fade and economic uncertainty grows, Trump’s call for immediate rate cuts reflects the common-sense approach that made his first administration’s economy so successful.
Unlike career bureaucrats, President Trump understands that proactive measures are needed to keep America’s economy strong and competitive in an increasingly challenging global environment.
šØPresident Trump calls out āmajor loserā Jerome Powell for cutting interest rates to help Biden and Kamala: pic.twitter.com/10kLbVsxpG
— Benny Johnson (@bennyjohnson) April 21, 2025
