Powell’s ‘Termination Cannot Come Fast Enough’

Cheddar News

President Trump criticized Fed Reserve Chair Jerome Powell, stating that his “termination cannot come fast enough” due to his reluctance to cut interest rates.

Transcript

00:00President Trump sharply criticized Federal Reserve Chair Jerome Powell, stating that his, quote,

00:05termination cannot come fast enough due to Powell's reluctance to cut interest rates.

00:10The chairman had previously warned these tariffs could lead to higher inflation and slower economic growth,

00:15prompting the Fed to maintain current monetary policy rates.

00:19Despite the president's public disapproval, legal experts note that the president lacks clear authority

00:24to remove the Fed chair without cause, and Powell has reaffirmed his intention to serve out his term

00:29ending in 2026. The situation has heightened concerns about political interference in the

00:35Fed's independence, which could impact financial stability and investor confidence.

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