US President Donald Trump has called for Federal Reserve Chair Jerome Powell to resign immediately, criticising him for not cutting interest rates. Trump blames Powells decisions for costing the ...

Jerome Powell’s cautious rate policy sparks fierce criticism and succession talks, putting his Fed Chair tenure under ...

U.S. President Donald Trump said on Tuesday that Federal Reserve Chair Jerome Powell should resign immediately.

"Tariffs are coming in at record levels," President Donald Trump said on Tuesday at the White House Cabinet meeting. "The big ...

Fed Chair Jerome Powell argued for months that inflation was “transitory” before pivoting to stop asset purchases and raise rates.

Inflation was slightly elevated vs. the Fed’s 2.0% target (core PCE inflation was 2.6% year-over-year as of March 2025), but most economists expected this to resolve over the next year or so.

Two Fed Governors are open to July rate cuts adding to the pressure on Powell. Fed Governor Waller on Rate Cuts CNBC reports Fed Governor Waller Says Central Bank Could Cut Rates as Early as July.

But the Fed doesn’t consider the government’s finances when setting rates. As Powell laid out in a press conference this week following the central bank’s latest monetary policy meeting, the ...

In fact, in the last 12 months the ECB has reduced its rate eight times and the Fed has done so three times, all late last year. The Fed’s cuts last year lowered its rate to about 4.3%.

Trump has repeatedly criticized Powell for not lowering interest rates, in contrast to the Fed's European counterpart. The European Central Bank has cut rates eight times since last June.

Powell said the Fed wants to "deliver a good economy for the benefit of the American people, and that's it." "Anything else is kind of a distraction," Powell added.

Jerome Powell says Fed rate cut is on hold even as President Trump demands cuts The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key ...