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Trump Renews Criticism of Fed Chair Powell, Demands Rate Cuts Amid Falling Odds

Trump Renews Criticism of Fed Chair Powell, Demands Rate Cuts Amid Falling Odds

Author:

Global Cryptocurrency

Published:

2025-11-19 20:49:02

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BTCCSquare news:

President Donald TRUMP escalated his longstanding criticism of Federal Reserve Chair Jerome Powell during remarks at the U.S.-Saudi Investment Forum. "He should be fired. Guy’s grossly incompetent," Trump declared, also lambasting the Fed's $4 billion headquarters renovation. The former president insisted interest rates remain too high, threatening Powell's job unless changes come swiftly.

Market expectations for a December rate cut have plunged to 35.6% from 62.9% last week, according to CME's FedWatch tool. This shift followed the Bureau of Labor Statistics' cancellation of October's jobs report, with November data now scheduled for release after the Fed's December meeting.

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