This needs to happen.
President Donald Trump is turning up the heat on Federal Reserve Chair Jerome Powell, calling for immediate interest rate cuts to protect American families, retirees, and small businesses.
In a sharply worded post on Truth Social Thursday morning, Trump criticized Powell for delaying rate cuts while global markets act decisively. Trump’s comments come at a time when Americans are facing economic uncertainty, shrinking 401(k)s, and rising concerns about savings, inflation, and mortgage rates.
“The ECB is expected to cut interest rates for the 7th time,” Trump wrote, “and yet ‘Too Late’ Jerome Powell… issued another complete ‘mess’ of a report. Oil is down, eggs are down, and America is getting rich on tariffs. Powell should have cut rates long ago—but he should certainly do it now.”
Why It Matters: Interest Rates Impact Every American
Whether you’re a retiree living on a fixed income or a working family trying to buy a home, high interest rates hit hard:
- Mortgage rates remain elevated
- Credit card interest is through the roof
- Small business loans are harder to get
- Stock market volatility threatens retirement savings
The result? Financial strain on millions of middle-class Americans—particularly seniors who spent decades building their nest eggs.
Powell Defends the Fed—But Trump Isn’t Buying It
Federal Reserve Chair Jerome Powell responded in remarks on Wednesday, insisting the U.S. economy is “in a solid position.” He acknowledged inflation has fallen but is still above the 2% goal.
“Despite uncertainty and downside risks, the labor market remains strong,” Powell said. “But tariffs and inflation remain concerns.”
Trump pushed back, arguing the Fed is playing politics under pressure from the Biden administration.
“This is the PERFECT time to cut interest rates,” Trump said in a prior post. “Inflation is down. Gas prices are down. Eggs are down 69%. Jobs are UP. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!”
The Stakes: Retirement Accounts, Home Prices, and America’s Future
This isn’t just political theater. The Fed’s decisions affect:
- Social Security purchasing power
- 401(k) and IRA growth
- Home equity values
- Cost of living for seniors on fixed incomes
As the 2024 election cycle heats up, Trump’s stance is crystal clear: bring back pro-growth policies, stop the delays, and put America first.
Is Jerome Powell on the Way Out?
Powell was asked last year whether he’d resign if President Trump returned to office and asked him to step down. His answer? A firm “No.”
But Trump’s growing pressure campaign suggests that if he’s re-elected, Powell’s days at the Fed may be numbered.
