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Fed Chair, Powell’s termination ‘cannot come fast enough’—Trump

Published on April 17, 2025 at 04:33 PM

The United States of America President, Donald Trump, has blasted the Chair of the Federal Reserve, Jerome Powell, saying his termination “cannot come fast enough”.

The 47th US president made the remark on Thursday in a terse statement on his Truth Social platform.

Trump lashed out at Powel, saying he is “always too late and wrong.”

He added that the Fed chief “should have lowered interest rates, like the [European Central Bank], long ago, but he should certainly lower them now.

“The ECB is expected to cut interest rates for the 7th time, and yet, “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!”

“Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too late, he should have lowered interest rates, like the ECB, long ago, but he should certainly lower them now.

“Powell's termination cannot come fast enough,” he stated.

The development comes as Powell, in his speech at the Economic Club of Chicago, said the Feds needed to wait for clarity on tariffs before cutting interest rates.

“Our obligation is to keep longer-term inflation expectations well anchored to make certain that a one-time increase in the price level does not become an ongoing inflation problem,”; Powell stated.

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