Trump us not happy.
White House Reviews Federal Reserve Leadership Amid Rising Frustration Over Rates, Inflation, and Market Turbulence
WASHINGTON, D.C. – President Donald J. Trump is taking a closer look at the Federal Reserve’s leadership after a series of interest rate decisions that many say are stifling America’s economic momentum—especially for seniors, retirees, and small business owners.
According to top White House economic adviser Kevin Hassett, President Trump and his team are now reviewing whether it’s time for a change at the top of the central bank. When asked whether firing Federal Reserve Chair Jerome Powell was on the table, Hassett responded:
“The president and his team will continue to study that matter.”
This comes as Trump continues to hammer Powell for failing to cut interest rates, even as inflation cools and everyday Americans continue to suffer from Biden-era price hikes.
“If we had a Fed chairman who understood what he was doing, interest rates would be coming down,” Trump said. “The Fed owes it to the American people.”
Interest Rates Still Too High for Seniors and Retirees
With interest rates holding steady between 4.25% and 4.50%, many retirees living on fixed incomes are seeing their savings eroded while borrowing costs remain stubbornly high.
“The Fed should be working for Main Street, not Wall Street,” Trump told reporters. “If Powell won’t do the job, we’ll find someone who will.”
As older Americans continue to navigate economic uncertainty, Trump’s position could resonate deeply—especially with those watching their retirement savings lose value due to misguided Fed policy.
New Legal Strategy Could Pave the Way for Fed Reform
While Powell claims he cannot be fired before his term ends in 2026, legal experts say a case now before the U.S. Supreme Court may give Trump the authority to remove him. The case centers around whether federal officials can be dismissed more freely by the President—something that could apply directly to the Federal Reserve Chair.
“If the legal analysis has changed, then the response must change too,” Hassett said.
Powell has vowed not to step down voluntarily, but many Americans are questioning why an unelected bureaucrat should have so much unchecked power over the economy.
Fed’s Double Standard Exposed: Biden’s Spending Ignored, Trump’s Policies Punished
Under Trump’s leadership, the economy saw record-breaking growth and low inflation. Yet the Fed raised rates and labeled Trump’s tax cuts as “inflationary.”
Now, despite President Biden’s runaway spending, which has triggered record inflation, the Fed has refused to take similar action—or accountability.
“Where was the concern when trillions were being spent under Biden?” Hassett asked. “The Fed has shown a clear bias.”
Trump’s America-First Economy: Cutting Taxes, Protecting Savings
As President Trump rolls out plans for lower taxes, tariff protections, and a strong dollar, his calls for reform at the Federal Reserve are gaining momentum. Trump’s focus remains on bringing down inflation, lowering borrowing costs, and restoring economic confidence for America’s families and seniors.
“We can’t let one unelected official stand in the way of prosperity,” Trump said.
Why It Matters for Americans
- High interest rates hurt retirees by shrinking nest eggs
- Inflation has eroded fixed incomes and savings
- Slow economic growth impacts job security for older workers
- Federal Reserve policy could determine whether the economy rebounds or stalls
BOTTOM LINE:
The question is no longer whether Powell should stay—it’s whether he should have this much power in the first place. And President Trump is ready to take action to protect the American economy, especially for those who have worked their whole lives and deserve a secure retirement.