Trump Trashes Fed Powell
President Donald Trump blasted Federal Reserve Chairman Jerome Powell on Thursday morning, slamming the central bank’s refusal to cut interest rates — despite a cooling inflation rate, falling energy costs, and growing economic pressure on retirees and middle-class families.
Trump didn’t hold back on Truth Social, calling Powell “Too Late Jerome” and saying he’s completely clueless—though he added, somewhat sarcastically, that he still likes him.
🔹 Inflation Is Down, But the Fed Refuses to Act
President Trump highlighted falling oil prices, reduced grocery costs, and rising tariff revenue — pointing out that the economy is strong, stable, and overdue for lower borrowing costs.
He noted that oil and energy prices have dropped, everyday essentials like groceries and eggs are cheaper, inflation is practically nonexistent, and tariff revenues are flowing into the country — calling it the complete opposite of being “too late.”
This comes as the Federal Reserve once again held interest rates steady, maintaining the current range of 4.25% to 4.5%. It’s the third rate hold in a row, despite a clear window to boost growth and ease pressure on American seniors and families.
What It Means for Retirees and Homeowners Over 50
When interest rates remain high:
- Credit card debt and mortgages stay expensive
- Small businesses struggle to access affordable loans
- Retirees on fixed incomes feel the squeeze
For many older Americans, especially those relying on savings and Social Security, the Fed’s inaction is more than frustrating — it’s damaging.
Powell Says “We Can Wait” — Trump Says “Act Now”
Federal Reserve Chairman Jerome Powell claimed in a press conference Wednesday that the central bank has time to be “patient” due to “strong fundamentals.”
But President Trump strongly disagrees — arguing that America First economic momentum is being throttled by indecision.
Trump previously stated that now would be an ideal moment for Fed Chair Jerome Powell to lower interest rates, noting that while Powell has a reputation for acting too slowly, he still has a chance to turn that around.
🔹 Trump: Keep the Pressure on China, But Support American Families
Trump’s tariff policies have shifted the balance with China and strengthened U.S. manufacturing — but they come with short-term adjustments. Now is the time, he argues, for the Fed to ease monetary policy and fuel long-term growth.
Even as questions swirl about Powell’s future, Trump clarified he does not plan to fire him — but the pressure is on.
“Lead, follow, or get out of the way,” one administration insider put it.
