Trump wants results not promises.
President Donald Trump isn’t pulling any punches when it comes to Federal Reserve Chair Jerome Powell — and now, even House Republicans seem to agree with him.
During a closed-door meeting with GOP lawmakers, Trump floated the idea of removing Powell from his post. While he said he’s not taking action just yet, the suggestion alone is sending shockwaves through Washington.
“I brought it up and asked, ‘What do you think?’ Nearly all of them said I should fire him,” Trump revealed from the Oval Office on Wednesday. “But I’m actually being more conservative than they are.”
Powell, originally appointed by Trump in 2017, has drawn the president’s ire for failing to slash interest rates — a move Trump argues would have eased the financial burden on everyday Americans, particularly homebuyers and small businesses.
“He should’ve cut rates a long time ago,” Trump said bluntly. “He’s doing a terrible job, and it’s costing the American people. Mortgage rates are hurting families trying to buy a home. He’s a disaster as Fed chair.”
Trump didn’t hold back, describing Powell’s performance as “lousy” and slamming the central bank’s reluctance to adjust rates despite booming economic numbers under his administration.
“We have no inflation, our markets are soaring, businesses are thriving — everything’s at record highs,” the president noted. “And yet, we still don’t see the rate cuts we deserve.”
Adding fuel to the fire, Trump questioned why Powell was reappointed under President Biden. “I was shocked Biden kept him on. Honestly, I was surprised he ever got the job in the first place.”
While Trump isn’t firing Powell right now, he made it clear that all options are on the table. “We’re watching closely. And no, I wouldn’t rule anything out — especially if fraud is involved,” Trump warned, referencing the Fed’s massive $2.7 billion building renovation. “How do you even spend that kind of money on a renovation?”
House Speaker Mike Johnson, R-La., echoed concerns about the Federal Reserve’s direction. “I think new leadership could help. I agree with President Trump — the Fed’s rate decisions haven’t been in the country’s best interest.”
Just days ago, Trump said it would be a “great thing” if Powell were to resign voluntarily, calling his leadership “a problem for the country.”
As the economy surges under Trump’s America First policies, frustrations are mounting over Powell’s resistance to lowering rates. Conservatives are watching closely — and the pressure on Powell is only growing.
