Trump Escalates Fed Criticism, Calls Powell a ’Stubborn Moron’ Amid Rate Cut Demands

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 interest rate cuts, threatening to bypass Powell by urging the Fed Board to assume control. The outburst follows the Fed's decision to hold rates steady for the fifth consecutive meeting.

Political tensions surrounding monetary policy have reached a boiling point, with Trump accusing Powell of being "too late" and "too political" in his approach. While the President cannot directly fire the Fed Chair, the Board of Governors retains statutory authority to override leadership decisions—a rarely invoked power that could destabilize markets if exercised.

The confrontation highlights growing pressure on central banks globally as they navigate inflationary pressures and economic uncertainty. Powell, a Trump appointee in 2018, has maintained independence despite persistent criticism from his former benefactor.