President Trump called for the “termination” of Jerome Powell’s leadership at the Federal Reserve for failing to cut interest rates in a speedy manner.
This morning, Trump took to his Truth Social platform to fault Powell for not following the example of the European Central Bank (ECB) in cutting rates. Trump stated: “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!’ 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. Powell’s termination cannot come fast enough!”
Earlier today, the ECB enacted a new round of rate cuts.
Trump’s statement followed statements made by Powell yesterday that showed little enthusiasm for the administration’s economic policies.
“Unemployment is likely to go up as the economy slows, in all likelihood, and inflation is likely to go up as tariffs find their way and some part of those tariffs come to be paid by the public,” Powell said in remarks to the Economic Club of Chicago, adding that rate cuts could be delayed if a “challenging scenario” created by the tariffs took root.
Let’s get real. President Trump has the ability to make America’s economy affordable, and balance the Federal budget, and make the borders self for our citizens and legal aliens, and call it as it is – transgender males (are created by medical procedures – not God) are still males – and this not give them the right to play in female sports (Females and Males are created by God thus belong to God).
The government has ample time over many previous presidents to clean up fraudulent and overspending, keep the Fed budget balance, help the working class, and use God creation to identify the DNA Male and Female for true identity of mankind.
With that said Mr. Powell needs to step down. The is President Trump’s arena now. So, if other Presidents have talked about clean up etc., and yet were too self-serving to get our country cleaned up, then listen up. Let President Trump get this country back on its feet. He is working for all of us and has been the only President with guts to step up to plate along with the threats and constant criticisms and dare to make the change for America.
So, please Powell step down. You name plate refers to you as “The Honorable Jerome H Powell”. So be honorable and let someone else lead your position. Often one feels they and only they can do their job, only to find out their replacement does a good job too with different ideas and a new leadership. Remember the America citizens voted for Trump with an overwhelming win. He has been delivering on his campaign promises since day one of his inauguration.
Well said Karen. I lost faith in Powell due to his own actions and now he is revealing himself to be a partisan actor as well. He should be history for both factors.
Well said Beth!
Agree with you Karen also!
….time to say “GOODBYE” to the Fed they do not serve “We The People” President is about to STEAM-ROLL right over them and take interest rates to 3% before completely wiping out ALL interest rates…..it’s COMING.
So now you want to follow and have faith in the person who has filed bankruptcy 6 times and is a felon with an inept cabinet. I feel sorry for whoever is elected after him as they will have a mess to clean up.
Well said Cindy, how about you and I hop on air force one and head down to my golf course and charge the US tax payers! Or we can create tariff’s which is really another tax on US citizens. The list is long and painful to create. I do feel sorry for the next person that comes in to clean up this mess! Also if your last name is not Smith, Jones or similar you might find yourself in another country that you have never been too!
Well said Cindy and Allan. I don’t know what it is going to take for people like Karen and Beth to take their blinders off and see reality. Trump is here for one thing to line his pockets and make his friends rich and to become a dictator. It is heartwarming to see the sane citizens in this country starting to stand up against him and his cronnies whose only agenda is to Make America White and Rich again. Watch out Karen and Beth you’ll be singing another tune when his policies effect you and they will sooner or later!
Your comments are so inane and full of TDS, it’s clear that you’re a rabid fan of “The View”. Few listen to unhinged Demoncraps like you so don’t waste your time pandering to your 21%.
Sorry DrekIG… I don’t have time to watch the view. I saw the Daddy and Trump Jr in action back in the 70s and 80s in New York. Black Souls. Maybe you should go back and check their history or you could wait 4 years and see what the US looks like then. FYI… I am a independent thinker. Not a true Dem or true Rep..