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Home FINANCE

Everything We Know About Donald Trump’s and Fed Jerome Powell’s Meeting Today

Michael Juanico by Michael Juanico
May 29, 2025
in FINANCE, OPINION, POLITICS
Reading Time: 3 mins read
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  • Trump says he won’t fire Fed Chair Powell but hints at replacing him soon.
  • He continues pressuring the Fed to cut rates, calling the current pace “too late.”
  • The Fed is expected to hold rates steady as it weighs trade tensions and inflation risks.

President Trump said on Sunday that he’s not planning to fire Federal Reserve Chair Jerome Powell before his term runs out—though his comments left the door kinda… half-open. Technically, Powell’s term ends in May 2026, but Trump didn’t exactly shut down the idea of replacing him soon. “I get to change him very quickly anyway,” he told NBC’s Meet the Press. “It’s in a very short period of time.”

JUST IN: 🇺🇸 Fed reveals Donald Trump and Jerome Powell met at the White House today—discussed inflation and employment 👀 pic.twitter.com/rtmEkQLnHu

— BlockNews (@blocknewsdotcom) May 29, 2025

That’s a bit of a shift. Earlier rumblings suggested Trump might try to oust Powell before the end of his term—something that’s, legally speaking, shaky at best. Those earlier whispers rattled markets pretty hard, so this walkback might be damage control. Still, Trump’s tone hasn’t softened. Not even a little.

He keeps hammering Powell over interest rates, saying the Fed is dragging its feet at a moment when cuts are “already late.” And if you’ve been watching Trump for a while, you know this isn’t new. He nominated Powell back in 2017, but turned on him quick when rate cuts didn’t happen fast enough.

Donald Trump just met with Jerome Powell and things got HEATED 🔥 pic.twitter.com/Ay90HO5Yd2

— JRNY TV (@JRNYTV) May 29, 2025

Politics, Pressure, and the Fed’s Tightrope

In the interview, Trump basically said the board should push Powell to act: “We are at a perfect time,” he insisted, urging the Fed to drop rates now before it’s “too late”—a phrase he keeps going back to on repeat. And while this is all playing out publicly, the Fed is trying to keep its cool.

A rate decision’s due this Wednesday, and most economists are betting the Fed holds steady for now. They’re still watching the fallout from Trump’s trade war strategy. Tariffs could hurt job growth—which would normally support a rate cut—but on the flip side, they could also nudge inflation higher, and that’d usually call for raising rates. So yeah… it’s a bit of a mess.

He Continues Pressuring the Fed to Cut Rates Calling the Current Pace too Late

The latest jobs numbers showed decent hiring, so there’s not a ton of pressure to act urgently. But Trump’s commentary isn’t making the Fed’s balancing act any easier. And while he may not fire Powell, the push to control the Fed’s direction is far from over.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Jerome PowellPresident Trumprate cutTariffs
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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