President Donald Trump launched a scathing attack on Federal Reserve Chairman Jerome Powell after Powell issued a stark warning about

 

President Donald Trump launched a scathing attack on Federal Reserve Chairman Jerome Powell after Powell issued a stark warning about the potential economic impact of tariffs. In his statement, Powell cautioned that rising tariffs could hurt the U.S. economy by increasing consumer prices and creating uncertainty in the markets. His remarks stood in contrast to Trump’s aggressive trade policies, particularly his push for tariffs on foreign goods.

Reacting to Powell's comments, Trump took to social media, saying, "Jerome Powell’s actions as Fed Chair are damaging to our country. His termination cannot come fast enough." The President has long expressed frustration with the Federal Reserve, accusing it of failing to lower interest rates fast enough to boost the economy.

Trump’s remarks once again highlighted the ongoing tension between the White House and the Federal Reserve. Although the Fed is designed to operate independently from political influence, Trump’s repeated public criticisms have raised concerns about its autonomy.

Economists and analysts have warned that undermining the credibility of the Federal Reserve could destabilize financial markets and weaken investor confidence. Despite the pressure, the Fed has maintained that it will continue to make decisions based on data and in accordance with its dual mandate—promoting maximum employment and stabilizing prices.

This latest clash underscores the broader debate over monetary policy and trade strategy in the United States, with Powell representing a more cautious, data-driven approach, while Trump favors bold, often controversial economic measures.