Trump's Powell Paradox: Fed Firing Rhetoric Risks Economic Strategy
Former U.S. President Donald Trump frequently discusses firing Federal Reserve Chair Jerome Powell over interest rates, despite Powell's term ending in 2026. Trump's criticisms highlight tensions within the Fed's decision-making amid economic challenges. Potential successors, including Fed Governor Chris Waller, hold varying views on rate adjustments.
In a recent post on Truth Social, former U.S. President Donald Trump reiterated his controversial idea of dismissing Federal Reserve Chair Jerome Powell over interest rates, which he wishes to see lowered.
Despite repeated public criticisms, Trump often backtracks, indicating a complex dynamic as Powell's term progresses towards its 2026 end date.
Fed officials, including potential Powell successor Chris Waller, maintain a cautious stance on rate changes amid economic uncertainties, highlighting the institution's resistance to presidential pressure.
(With inputs from agencies.)
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