BREAKING NOW: Early this morning, President Donald Trump slammed Federal Reserve Chairman Jerome Powell for being a man “who is always TOO LATE AND WRONG” regarding the economy.
This latest salvo comes after Powell criticized President Trump’s proposed tariffs as inflationary, prompting the president to declare, “Powell’s termination cannot come fast enough!”
The confrontation highlights the deep divide between President Trump’s America-first economic vision and unelected bureaucrats who seem determined to undermine it.
Trump did not mince words when addressing Powell’s leadership, dubbing him “Too Late” for his consistently delayed responses to economic challenges.
“The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” the president wrote on his social platform.
The Fed Chair has repeatedly failed to lower interest rates in a timely manner.
He has put American businesses at a disadvantage compared to European competitors, whose central banks have been more aggressive with rate cuts.
The clash intensified after Powell suggested tariffs might make it harder for the Fed to fulfill its dual mandate of stable inflation and maximum employment.
President Trump took to his Truth Social platform to express his frustration with Powell’s leadership and decision-making.
He noted that while the European Central Bank had already made necessary interest rate adjustments, Powell continued to drag his feet, harming American economic growth in the process.
“Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now,” the president stated.
While the Federal Reserve claims to operate independently from political influence, Powell’s criticism of tariffs appears to many Trump supporters as a direct challenge to the president’s economic vision.
The Fed has reduced interest rates three times in the past year, to the current 4.5%.
However, critics argue that these cuts were too little, too late, and only came after persistent pressure from economic realists.
Despite President Trump’s criticism, Powell’s position remains protected by the Federal Reserve’s traditional independence.
The chairman’s term does not expire until 2026, meaning the president cannot directly fire him but could nominate a replacement when the opportunity arises.
This structure has frustrated many who see the need for more responsive economic leadership aligned with America’s interests.
The Federal Open Market Committee is scheduled to meet in early May to discuss potential rate changes and assess the economic landscape.
However, Powell has indicated a high threshold for further cuts, continuing his pattern of excessive caution that has frustrated business leaders and economic growth advocates.
