United States President Donald Trump issued a sharp rebuke of Federal Reserve Chair Jerome Powell on Truth Social, criticizing him for being “too late and wrong” on interest rate policy and calling for his termination.
Trump contrasted the U.S. central bank’s stance with that of the European Central Bank (ECB), which he noted is expected to cut interest rates for the seventh time. The President argued that Powell should have reduced U.S. rates “long ago” and must act immediately to support the economy.
“Too Late Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete ‘mess!’” Trump posted on April 17.
The President added that oil and grocery prices are down, including eggs, and claimed that the USA is “getting rich on tariffs”. He insisted that the Federal Reserve now has no reason not to reduce rates and repeated that Powell’s “termination cannot come fast enough.”
Trump’s comments follow Powell’s recent warning that tariffs could have a more persistent impact on inflation, complicating the Fed’s goals for 2025. The remarks further deepen tensions between the White House and the central bank, ahead of a politically charged economic period.
