Trump again calls for Fed to cut rates, says Powell’s ‘termination cannot come fast enough’

President Donald Trump connected Thursday again called for the Federal Reserve to little rates and adjacent hinted astatine the "termination" of Chairman Jerome Powell.

In a Truth Social post, Trump said:

"The ECB is expected to chopped involvement rates for the 7th time, and yet, 'Too Late' Jerome Powell of the Fed, who is ever TOO LATE AND WRONG, yesterday issued a study which was another, and typical, implicit 'mess!' Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should person lowered Interest Rates, similar the ECB, agelong ago, but helium should surely little them now. Powell's termination cannot travel accelerated enough!"

Indeed, the European Central Bank has been cutting rates arsenic it tries to boost maturation successful the region. The ECB is expected to little rates again aboriginal connected Thursday.

The station comes a time aft Powell delivered a speech astatine the Economic Club of Chicago successful which helium noted that the administration's tariffs enactment the cardinal slope successful a tricky spot arsenic it decides whether to tame ostentation oregon boost growth.

"If that were to occur, we would see however acold the system is from each goal, and the perchance antithetic clip horizons implicit which those respective gaps would beryllium anticipated to close," Powell said. Those comments contributed to a steep sell-off connected Wednesday.

This isn't the archetypal clip Trump has criticized Powell's attack to U.S. monetary policy. Trump posted connected April 4, 2 days aft the administration's "Liberation Day" tariff announcement, it would beryllium "a PERFECT clip for Fed Chairman Jerome Powell to chopped Interest Rates. He is ever 'late,' but helium could present alteration his image, and quickly."

However, it's the archetypal clip Trump has explicitly called for Powell's firing. Powell has besides said the president doesn't person the powerfulness to occurrence him, noting that it's "not permitted nether the law."

Powell's word arsenic Fed president ends successful May 2026.