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President Donald Trump said Federal Reserve Chair Jerome Powell’s “termination cannot come fast enough.”
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Trump called on the Fed to follow the European Central Bank and cut interest rates.
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Powell said on Wednesday that tariffs could usher in weaker economic growth and higher inflation.
President Donald Trump escalated his feud with Jerome Powell on Thursday, saying the Federal Reserve Chair’s “termination cannot come fast enough” in a Truth Social post.
Trump’s comments come a day after Powell said the president’s tariffs had been “significantly larger” than expected and could lead to weaker economic growth and higher inflation.
Trump wrote that the European Central Bank was expected to cut interest rates for the seventh time on Thursday and that the Fed should have done so “long ago” and “should certainly lower them now.”
The President described Powell as “TOO LATE AND WRONG,” adding: “Oil prices are down, groceries (even eggs!) are down.”
Trump’s post didn’t say whether he thought Powell should be dismissed immediately or at the end of his term in 2026.
This is a developing story. Check in for further updates.
Read the original article on Business Insider
DJ Kamal Mustafa
I’m DJ Kamal Mustafa, the founder and Editor-in-Chief of EMEA Tribune, a digital news platform that focuses on critical stories from Europe, the Middle East, Africa, and Pakistan. With a deep passion for investigative journalism, I’ve built a reputation for delivering exclusive, thought-provoking reports that highlight the region’s most pressing issues.
I’ve been a journalist for over 10 years, and I’m currently associated with EMEA Tribune, ARY News, Daily Times, Samaa TV, Minute Mirror, and many other media outlets. Throughout my career, I’ve remained committed to uncovering the truth and providing valuable insights that inform and engage the public.
