Thu Apr 17 17:15:32 UTC 2025: ## Trump Renews Attack on Federal Reserve Chair Powell, Threatening Dismissal

**Washington, D.C. –** President Donald Trump escalated his attacks on Federal Reserve Chair Jerome Powell Thursday, demanding his immediate dismissal and reiterating his frustration over the Fed’s interest rate policy. Trump’s comments, made via social media, follow Powell’s announcement Wednesday that the Fed will maintain its key interest rate, citing uncertainty surrounding the impact of recent policy changes including tariffs and immigration reform.

Trump claimed the Fed should lower interest rates, pointing to the European Central Bank’s recent rate cut. He asserted that Powell’s continued tenure is detrimental to the U.S. economy, despite Powell’s statement that the Fed’s decisions are solely based on what is best for all Americans, unaffected by political pressure.

Powell has previously stated that removing top Fed officials is legally impermissible. This declaration comes amidst an ongoing Supreme Court case that could determine a President’s authority to fire heads of independent agencies. Analysts warn that a perceived threat to the Fed’s independence could severely destabilize the markets.

The current economic climate, fueled by Trump’s aggressive tariff policies, has raised concerns of a potential recession. Higher inflation coupled with slower growth creates a challenging environment for Powell, whose mandate is to stabilize prices and maximize employment. Trump’s tariffs have been linked to increased inflationary pressures, with estimates from the Yale University Budget Lab suggesting an average household loss of $4,900. Wall Street banks are also increasingly predicting a recession.

Despite initially appointing Powell and extending his term, Trump’s public criticism reveals a significant rift between the executive branch and the central bank. The situation underscores the ongoing tension between political pressures and the need for the Fed’s independence in maintaining economic stability.

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