Trump Escalates Fed Criticism as Pressure Mounts on Monetary Policy

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2025-08-01 12:52:45

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Former President Donald TRUMP intensified his attacks on Federal Reserve Chair Jerome Powell, labeling him a "stubborn moron" in a Truth Social post. Trump demanded immediate rate cuts, threatening to bypass Powell by urging the Fed Board to override his decisions. The outburst follows the central bank's fifth consecutive pause on interest rates, fueling political and market tensions.

Monetary policy has become a flashpoint in the evolving economic landscape, with Trump's public broadsides testing the Fed's independence. While presidents cannot directly fire Fed chairs, the Board of Governors retains statutory authority to set policy through majority votes. This institutional safeguard now faces unprecedented public scrutiny.

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