In a fiery outburst that’s sending shockwaves through Washington and Wall Street, former President Donald Trump has publicly demanded the immediate resignation of Federal Reserve Chair Jerome Powell accusing him of damaging the U.S. economy and refusing to lower interest rates.
Posting in his signature style on Truth Social, Trump didn’t hold back, calling Powell a failure who is “destroying the American dream” by keeping borrowing costs high. “Jerome Powell should resign immediately,” Trump wrote. “He’s hurting families, businesses, and the country as a whole.”
The demand comes amid growing tension over interest rates, which remain elevated in an effort to control inflation. Trump, who is widely expected to be the Republican nominee in 2026, wants the Fed to aggressively slash rates something Powell has so far resisted, citing the risk of inflation roaring back.
The attack is more than political rhetoric it’s a direct challenge to the independence of the Federal Reserve, an institution designed to be shielded from presidential influence.
Adding fuel to the fire, Trump allies in Washington are now pushing for investigations into Powell’s leadership, including a controversial $2.5 billion renovation of a Fed building that critics say is tone-deaf in a struggling economy.
While Powell’s term is set to run through 2026, legal experts say he cannot be fired by the presidentwithout cause. Still, Trump’s comments have reignited debate over how much control the White House should have over the nation’s monetary policy.
As markets react and political tensions rise, one thing is clear: Trump isn’t just running for president he’s already trying to reshape the system.
Do you agree with Trump or believe the Fed must remain independent? Drop your thoughts in the comments.
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