Trump Changes His Mind On Key Firing
President Trump is once again taking aim at Federal Reserve Chairman Jerome Powell, accusing him of harming the U.S. economy by refusing to lower interest rates — and hinting that Powell’s days at the central bank may be numbered.
In a no-holds-barred post on Truth Social, Trump slammed Powell as a “numbskull,” “a dumb guy,” and “an obvious Trump Hater,” saying the Federal Reserve’s failure to reduce rates is hurting American families and small businesses.
“I’ve tried being nice, I’ve tried being neutral, and I’ve tried being tough,” Trump wrote. “Nothing has worked. Powell still refuses to do what’s right — cut interest rates to help the American economy.”
The former president, who originally nominated Powell in 2017, posted a graphic comparing U.S. rates to lower rates in other countries, highlighting how the Federal Reserve’s policies are falling behind global trends.
“Why hasn’t the Fed Board stepped in to stop this Total and Complete Moron?” Trump asked. “Maybe I’ll have to rethink firing him. His term is almost up anyway!”
Fed’s Rate Freeze Sparks Trump’s Ire
Chairman Powell’s current term doesn’t expire until 2026, and under federal law, the president cannot directly fire the Fed Chair without cause. Still, Trump has made clear he’s fed up with what he sees as Powell’s anti-growth agenda.
Although Trump previously said he wouldn’t remove Powell, the president’s recent frustration with rising prices and stagnant monetary policy has reignited talk of a potential shake-up.
The Federal Reserve had entered 2025 expecting to reduce rates gradually as inflation cooled. But with economic pressure mounting—particularly from Trump’s strong tariff and trade policy agenda—the Fed has kept rates unchanged, citing “patience.”
Powell repeated that same message this week after yet another decision to hold interest rates steady, drawing criticism from those who believe the Fed is stalling much-needed economic relief.
🔍 What This Means for Americans Over 50
- High interest rates hurt retirement savings, mortgage affordability, and small business loans.
- President Trump is fighting to put pressure on the Fed to make life more affordable for seniors and working families.
- The central bank’s resistance to cutting rates may become a major election issue in 2025.
💬 Bottom Line:
President Trump is making it clear — if the Federal Reserve won’t act, he might. With Powell’s term ending soon, the future of America’s economic leadership may soon shift toward a more pro-growth, pro-Trump direction.
