President Donald Trump has unleashed a scathing rebuke of Federal Reserve Chair Jerome Powell, declaring that his removal “cannot come fast enough” as frustration mounts over the central bank’s refusal to cut interest rates in the face of growing economic pressure.
Posting to Truth Social, Trump criticized Powell for ignoring global trends, particularly the European Central Bank’s recent seventh rate cut this year. “Powell is always too late,” Trump wrote. “Europe is moving to stimulate growth, and our Fed is dragging its feet—again. He’s more concerned with headlines than results.”
The sharp comments come amid rising concerns that the Fed’s high interest rates are stalling American growth and putting unnecessary strain on families, businesses, and job creators. Trump, who originally appointed Powell in 2018 and watched Joe Biden reappoint him in 2022, has grown increasingly vocal about what he sees as Powell’s failed leadership and poor instincts.
Tensions escalated further after Powell issued warnings that Trump’s bold new tariff strategy could stoke inflation—comments the President dismissed as “fearmongering” and out of touch. Trump has repeatedly argued that the tariffs are working, bringing manufacturing back to the U.S. and leveling the playing field with countries like China, despite criticism from global institutions and Wall Street.
“The American people are finally seeing real trade enforcement, and Powell wants to slow it down,” Trump said. “He’s worried about short-term volatility while I’m focused on long-term strength.”
The Federal Reserve, which has kept interest rates between 4.25% and 4.5% throughout 2025, has resisted political pressure from both the Trump administration and business leaders urging rate cuts to jumpstart investment and ease credit markets. Powell has emphasized the Fed’s independence, but Trump and his allies have questioned whether that independence has become a shield for inaction and economic stagnation.
With Powell’s term not set to expire until May 2026, speculation is swirling that Trump may seek his early removal—a move that could hinge on an ongoing Supreme Court case that may redefine the limits of presidential authority over independent agencies.
Trump allies say the President is prepared to take bold action if Powell continues to obstruct economic momentum. “We need leadership at the Fed that understands this is not the time to play defense,” one senior official said. “We’re building a strong America, and we’re not going to let the Fed get in the way.”
The battle between Trump and Powell is shaping up to be a key front in the broader fight over America’s economic future. With inflation cooling, jobs holding steady, and global markets shifting, the White House is determined to seize the moment—and it’s making clear that anyone standing in the way, including the Fed Chair, could soon be on the chopping block.