BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Donald Trump Targets Jerome Powell Over Interest Rate Frustration: Does Powell Know What He is Doing?

by Sham
April 18, 2025
in Finance, Opinion, Politics
A A
Donald Trump Targets Jerome Powell Over Interest Rate Frustration: Does Powell Know What He is Doing?
2
SHARES
Share on TwitterShare on Reddit
  • Trump slammed Fed Chair Powell again, saying rates should be lower and hinting at possible removal.
  • The White House is exploring legal grounds to fire Powell, though experts warn it could shake financial markets.
  • Powell’s recent tariff warning frustrated Trump, fueling public tension between the Fed and the administration.

President Donald Trump didn’t hold back Friday afternoon when reporters asked about the Fed. His answer? Classic Trump.

“If we had a Fed Chair who actually knew what he was doing, interest rates would be coming down,” Trump said. “He should bring them down.” Simple as that, in Trump’s view.

Donald Trump Targets Jerome Powell Over Interest Rate Frustration: Does Powell Know What He is Doing?

This wasn’t just a one-off dig either. Lately, the White House has been turning up the heat on Jerome Powell, with top officials even hinting that firing him might be on the table. Which—by the way—is a legal gray area at best.

The Fed Feud Is Heating Up

White House economic adviser Kevin Hassett confirmed Friday that Trump’s team is actively exploring whether they can remove Powell from his position.

“The president and his team will continue to study that matter,” Hassett told reporters, when asked directly if firing Powell was now a real option. Powell, for his part, has repeatedly said he has no plans to step down and doesn’t believe he can legally be fired before his term ends in May 2026.

But Trump seems to be pushing the envelope. On Truth Social, he called Powell “Too Late”—one of his now-signature nicknames—and said, “Powell’s termination cannot come fast enough.” That… definitely raised some eyebrows.

Tensions Boil Over After Tariff Comments

What really seems to have poked the hornet’s nest this week is Powell’s reaction to Trump’s ongoing tariff war. Speaking in Chicago earlier, Powell said the tariff policies could drive up prices and create a mess for the Fed’s job of balancing inflation and employment.

“We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension,” Powell said. Basically, if inflation rises but growth slows, the Fed could be stuck between a rock and a hard place.

He added that the central bank is in “no rush” to move rates and wants more clarity before adjusting anything. Translation? No rate cuts just yet—something Trump is definitely not happy about.

What Happens If Trump Tries to Fire Powell?

Right now, the Fed’s benchmark interest rate sits between 4.25% and 4.5%. Futures markets are betting that the Fed won’t budge at next month’s meeting, with over 90% odds on a pause, according to CME’s FedWatch.

President Donald Trump Didnt Hold Back Friday Afternoon when Reporters Asked About the Fed

But Trump clearly wants a cut—and he wants it now. His public frustration has only grown louder. The question is, what happens if he actually tries to fire Powell?

Sen. Elizabeth Warren weighed in, warning that booting the Fed chair early could send financial markets into a spiral.

“If Chairman Powell can be fired by the president of the United States, it will crash markets in the United States,” Warren said on CNBC.

It’s unclear if Trump will really go for it, but if there’s one thing we know—he likes to keep people guessing

Tags: Donald TrumpJerome PowellKevin HassetttariffWhite House
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

JRNY CLUB Announces $JRNY Token and EARN Platform
Breaking News

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Everything You Need to Know About Doodles Upcoming DOOD Token
Crypto

Everything You Need to Know About Doodles Upcoming DOOD Token

May 7, 2025
Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed
Finance

Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

May 7, 2025
Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?
Crypto

Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

May 7, 2025
Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows
Breaking News

Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows

May 7, 2025
U.S. Aims to Become Premier Hub for Digital Asset Innovation, Says Bessent
Crypto

U.S. Aims to Become Premier Hub for Digital Asset Innovation, Says Bessent

May 7, 2025
Load More

Related News

JRNY CLUB Announces $JRNY Token and EARN Platform

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Everything You Need to Know About Doodles Upcoming DOOD Token

Everything You Need to Know About Doodles Upcoming DOOD Token

May 7, 2025
Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

May 7, 2025
Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

May 7, 2025
Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows

Federal Reserve Holds Rates Steady Amid Tariff Uncertainty: Trump Disappointment Grows

May 7, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX Gary Gensler grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.