President Trump didn’t hold back.
Former President Donald Trump delivered another headline-making moment on Wednesday when he sharply criticized Federal Reserve Chairman Jerome Powell — calling him “mentally off” and saying he would gladly “fire his ass” if given the chance.
Trump made the fiery comments at the U.S.–Saudi Investment Forum at the Kennedy Center in Washington, D.C., where the audience broke out in laughter as he mocked Powell’s leadership and the Federal Reserve’s high-interest-rate policies. For millions of Americans watching the economy tighten, Trump’s frustration struck a familiar chord.
Trump: Powell Is “Grossly Incompetent”
During his speech, Trump did not mince words.
“Powell’s got some real mental problems. There’s something seriously wrong with him,” Trump said. “I’d love to fire his ass. He should have been fired a long time ago. The guy is grossly incompetent.”
Trump noted that Treasury Secretary Scott Bessent has been the one urging him not to remove Powell. Powell’s term ends in May 2026, but Trump made clear he’s not impressed with the Fed chief’s performance.
High Interest Rates Are Hurting Americans
Trump pressed Bessent directly, telling him the Federal Reserve is causing unnecessary pain for retirees, homeowners, and working families.
“The only thing Scott is blowing it on is the Fed,” Trump said. “Rates are too high. And if you don’t get it fixed fast, I’m going to fire your ass next.”
Trump even reenacted Bessent’s pleas: “‘Sir, don’t fire him. Sir, please don’t fire him. He’s got three months left. He’s a voice of reason.’”
For many conservatives, Trump’s comments reflect what they see as a Federal Reserve that is slow, stubborn, and out of touch with everyday Americans who need relief now, not months from now.
Fed Cuts Have Been Too Small, Too Late
The Federal Reserve made tiny quarter-point cuts in September and October, the first reductions since December. Yet rates are still sitting between 3.75% and 4%, keeping pressure on mortgages, credit cards, and small businesses.
Even worse, another December cut is not guaranteed. Reports show the FOMC is split, with some members worried about inflation and others warning about a softening labor market. In other words, the Fed can’t make up its mind — and Americans are paying the price.
Trump Slams Fed’s $2.5 Billion Renovation
On top of the economic strain, Trump blasted the Federal Reserve for approving a $2.5 billion headquarters renovation, calling it another example of wasteful Washington spending.
“I’m building a ballroom that costs a tiny fraction of that,” Trump said. “And it’s bigger than the whole thing put together.”
For conservative voters — especially those 50 and older — Trump’s message was clear: America needs leadership that fights for taxpayers, demands accountability, and puts real economic relief ahead of bureaucratic egos.
