President Donald J. Trump is turning up the heat on Federal Reserve Chairman Jerome Powell, demanding swift and decisive action to lower interest rates before the U.S. economy slows further and even referring to him as a “major loser”.
In a powerful post on Truth Social Monday, Trump declared:
“Preemptive cuts in Interest Rates are being called for by many. With energy costs way down, food prices dropping—including Biden’s egg disaster—and most other essentials trending down, there is virtually no inflation.”
✅ Why Trump Says Interest Rate Cuts Are Urgently Needed
According to the President, inflation is no longer the problem. Instead, the real risk is a Fed-induced economic slowdown—a concern echoed by many top economists in the private sector.
- Energy prices are significantly lower
- Grocery bills are easing for American families
- Core inflation metrics are trending downward
Trump warned:
“Inflation is barely an issue right now, but the economy could start to stall unless Mr. Always-Behind—the biggest failure of them all—steps up and cuts interest rates immediately.”
✅ Trump’s Longstanding Criticism of Jerome Powell
This isn’t the first time President Trump has taken aim at Powell, who he accuses of being consistently behind the curve.
“He’s always TOO LATE AND WRONG,” Trump posted last week. “Powell’s termination cannot come fast enough.”
At a Thursday press event, Trump added:
“If I want him out, he’ll be outta there real fast. Believe me.”
Despite this, Powell insists he will complete his term through May 2026 and claims that a president cannot legally remove or demote a Fed chair, a statement he made during a Federal Reserve press conference last November.
✅ Critics Panic Over Trump’s Strong Economic Leadership
Biden-era economists are already rushing to defend Powell.
Chicago Fed President Austan Goolsbee warned on CBS’ Face the Nation that challenging the Fed’s “independence” could harm its credibility.
But many Americans—especially those hit hardest by inflation—see it differently. Trump supporters believe the Federal Reserve is out of touch and that bold leadership is needed to keep America’s economy strong.
📈 Bottom Line:
- Trump is demanding immediate rate cuts to prevent economic slowdown.
- The President is holding Jerome Powell accountable.
- Inflation is cooling—but if the Fed delays, growth could stall.