Trump Predicts Fed Chairman’s Departure and Sparks Economic Debate

U.S. President Donald TRUMP stirred financial markets with an unexpected announcement during a press briefing in Scotland, claiming Federal Reserve Chairman Jerome Powell would "very soon" step down. Trump suggested lower interest rates would enhance U.S. market appeal, adding a personal note: "I’ll miss him." Powell, however, has given no indication of resigning and maintains a cautious stance to protect labor market stability.

The remarks introduce fresh uncertainty ahead of the Federal Open Market Committee meeting on July 30. Trump’s shift in tone—from previously stating Powell could only be removed for wrongdoing to now predicting his imminent departure—has fueled speculation. He further escalated tensions by contrasting the Fed’s approach with the European Central Bank’s aggressive rate cuts, remarking, "A smart person WOULD cut rates."