April 17, 2025 - 17:04
US President Donald Trump has intensified his criticism of Federal Reserve Chair Jerome Powell, calling for his termination to occur "as fast as possible." This demand comes on the heels of Powell's recent address, where he highlighted the potential negative impacts of tariffs on the economy. Trump's dissatisfaction with Powell has been a recurring theme, particularly as the President believes that the Fed's monetary policy is hindering economic growth.
In his remarks, Trump expressed frustration over the central bank's interest rate decisions, arguing that they are too restrictive and detrimental to the ongoing economic recovery. The President's comments reflect a broader concern about the Fed's role in managing the economy amidst ongoing trade tensions, particularly with China. As the administration grapples with the implications of tariffs, the relationship between the White House and the Federal Reserve continues to be a focal point of political discourse.
The ongoing tensions underscore the complexities of economic policy in a volatile global landscape, as both domestic and international factors play a significant role in shaping the economic outlook.
