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Fortune
Fortune
Paolo Confino

Trump says Fed chair is ‘too late’ on interest rates: ‘Powell’s termination cannot come fast enough!’

President Donald Trump and Federal Reserve chair Jerome Powell (Credit: SAUL LOEB/AFP)
  • President Donald Trump called Federal Reserve chair Jerome Powell “wrong” for his decision to not further cut interest rates. Powell had previously said Trump’s tariff policy would lead to higher inflation and lower growth. The president also called for an end to Powell's tenure.

President Donald Trump continued his regular tradition of criticizing Federal Reserve chair Jerome Powell whenever he makes any public comments. This time Trump said he was openly looking forward to the end of Powell’s tenure. 

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