In a moment that continues his stance against the head of the Federal Reserve, US President Donald Trump has called on Fed Chair Jerome Powell to lower interest rates. Indeed, the commander in chief took to his Truth Social platform to levy a slew of criticisms and concerns toward the bank head while calling him a “major loser.”
Powell has emerged as the object of Trump’s disdain over the last week. His disapproval of the Federal Reserve’s actions so far has led the president to seek out whether he has the ability to fire the chairman. Specifically, he recently added that his termination “couldn’t come fast enough.”
JUST IN: 🇺🇸 President Trump says Fed Chair Jerome Powell is a "major loser." pic.twitter.com/mp7M3n08kh
— Watcher.Guru (@WatcherGuru) April 21, 2025
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The United States economy has found itself in an increasingly fragile state. Indeed, the present administration introduced sweeping tariffs on all trade partners. The move has a host of outcomes that are not yet clear. This is why the Federal Reserve has opted to proceed with caution regarding its interest rate decision. That was clearly seen when it refused to cut rates in March.
However, that approach has not been supported by the White House so far. Specifically, US President Donald Trump recently snapped at Fed Chair Jerome Powell. He called him a “major loser,” while urging him to lower interest rates. In a post to Truth Social, he did not mince words regarding his feelings about the central bank head.
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“With energy costs way down, food prices (including Biden’s egg disaster!) substantially lower, and most other ‘things’ trending down, there is virtually no inflation,” Trump said. “With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation,” he added.
However, Trump claimed that “there can be a slowing of the economy,” despite its direction. “Unless, Mr. Too Late, a major loser, lowers interest rates now,” Trump added. Additionally, he noted Europe’s decision to lower rates seven times. Moreover, he challenged the timing of the Federal Reserve’s past cuts. Specifically, he alleges they were made “when it came to the election period” to help Democratic nominees maintain the presidency.
