Federal Reserve Archives

‘Too late’: Donald Trump slams Jerome Powell, calling him one of the ‘dumbest and most destructive’; accuses Fed chief of costing US billions

US President Donald Trump once again slammed Federal Reserve Chairman Jerome Powell, accusing him of costing the country hundreds of billions of dollars after the central bank kept the interest rates unchanged. “Too Late,” Trump tweeted, calling Powell one of the “dumbest” and most “destructive” people in government. “Too Late” Jerome Powell is costing our […]

US president slams Fed chief for not cutting rates

US President Trump renewed his criticism on Thursday of Federal Reserve chair Jerome Powell, complaining the Fed is refusing to lower interest rates. Trumpsaid cutting interest rates would be “like jet fuel” for the economy “but he doesn’t want to do it”. He said Powell is “not in love with me”. Fed this week kept […]

Donald Trump says he won’t fire ‘total stiff’ Fed chair Jerome Powell before term ends in 2026

Donald Trump says he won’t fire Fed chair Jerome Powell (File photo) US President Donald Trump announced on Sunday that he will not remove Jerome Powell as Federal Reserve board chairman before his term ends in May 2026 while describing the central banker as “a total stiff” and repeating calls for the Fed to lower […]

Trump administration ‘continues to study’ option to fire Fed chair Powell: White House

US President Donald Trump and his administration will “continue to study,” whether it’s possible to remove Federal Reserve chief Jerome Powell, his top White House advisor said on Friday.“The president and his team will continue to study that matter,” National Economic Council director Kevin Hassett told reporters, when questioned about the possibility of Powell’s termination, […]

Can Donald Trump fire Fed chief Jerome Powell?

Can Trump legally fire Powell? Donald Trumpappointed Jerome Powell as the Fed chief in 2017 and his term will end in May 2026. This is not the first time that Trump has threatened to fire Powell as he clashed with Powell in 2018 as well over interest rate policies but he was not fired.On Wednesday […]