Trump Doubles Down on Powell as Fed Chair Holds Firm—Political Pressure Meets Monetary Stonewall

Former President ramps up rhetoric against Federal Reserve chair in latest economic showdown.

Powell's unwavering stance sparks fiery exchange—proving once again that central bankers would rather eat inflation than admit political influence.

Meanwhile, Wall Street yawns and adjusts its algorithms—because when has political theater ever stopped the money printer?

Trump intensifies attacks as Powell refuses to budge

Since returning to the presidency, Trump has made Powell a regular target. He’s called him a “major loser” and uses the name “Too Late” whenever he talks about him publicly, mocking Powell’s refusal to lower interest rates.

Trump has also hinted many times that he might try to fire Powell before his term ends in May 2026, even though Powell has publicly said that the law doesn’t give the president the power to remove him. Trump walked back that threat in April, saying he had “no intention” of firing him, but he’s clearly still angry about the Fed holding rates steady.

Meanwhile, Trump pointed to Europe as proof that Powell is out of step. The European Central Bank is widely expected to cut rates again on Thursday, which WOULD be its eighth cut since June 2024. The move comes as inflation cools and growth across the eurozone continues to drag. 

Trump’s frustration is also tied to that international comparison—while Europe makes moves to boost growth, Powell’s Fed remains stuck, refusing to adjust even as job data weakens and global uncertainty grows due to tariffs and geopolitical tensions.

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