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  5. US President Trump expresses strong disapproval of Federal Reserve chairman, calls for Powell's removal from position

US President Trump expresses strong disapproval of Federal Reserve chairman, calls for Powell's removal from position

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US President Donald Trump and Federal Reserve Chairman Jerome Powell are engaged in a public feud, with Trump criticizing Powell for being "too late and wrong" in his warnings about the impact of tariffs on inflation. Powell, on the other hand, has warned that Trump's tariffs could lead to higher inflation and unemployment, creating a dilemma for the Fed in terms of managing the economy.

  1. US
    Jerome Powell
    Federal Reserve System
    1. Avoiding that outcome will depend on the size of the effects, on how long it takes for them to pass through fully to prices, and, ultimately, on keeping longer-term inflation expectations well anchored.
    2. Tariffs are highly likely to generate at least a temporary rise in inflation.
    3. But I wouldn't try to be definitive about exactly what's causing that. I would just say markets are orderly and they're functioning kind of as you would expect them to in this time of high uncertainty.
    4. I fully intend to serve all of my term.
  2. US
    Donald Trump
    Republican Party
    1. I'm not happy with him. I let him know it and if I want him out, he'll be out of there real fast, believe me.
    2. The ECB is expected to cut interest rates for the 7th time, and yet, 'Too Late' Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete 'mess!' Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS.

US Economy

  1. US Federal Reserve maintains pause in rate cuts amid uncertainty over inflation and unemployment risks
  2. US economy contracts in first quarter
  3. US President Trump reaffirms commitment to not terminating Federal Reserve chairman amidst ongoing economic disputes

sources

  1. 1.France 24
  2. 2.Al Jazeera
  3. 3.The Times of India
  4. 4.CNA News
  5. 5.The Guardian
  6. 6.Le Monde
  7. 7.Agence France-Presse
  8. 8.Wall Street Journal

perspectives

  1. 1.US under Donald Trump
  2. 2.US Politics
  3. 3.US under Joe Biden
  4. 4.US Economy
  5. 5.Inflation
  6. 6.Central Bank

countries

  1. 1.ChinaCN
  2. 2.United StatesUS

organizations

  1. 1.Federal Reserve SystemUS
  2. 2.European Central Bank
  3. 3.White HouseUS
  4. 4.Truth Social
  5. 5.CME Group
  6. 6.Economic Club of Chicago
  7. 7.Federal Open Market CommitteeUS
  8. 8.Polymarket
  9. 9.Republican Party
  10. 10.US Senate
  11. 11.World Trade Organization

persons

  1. 1.Jerome PowellUS
  2. 2.Donald TrumpUS
  3. 3.Joe BidenUS
  4. 4.Kevin Warsh

technicals

  1. 1.Mar-A-Lago Club