Headline Roundup • April 17th, 2025
Trump Says Fed Chair Jerome Powell’s ‘Termination Cannot Come Fast Enough’
Jerome Powell,Donald Trump,Banking And Finance,Business,Economy And Jobs,Taxes,Trade,Inflation,Tariffs
Summary from the AllSides News Team
President Donald Trump called for Federal Reserve Chairman Jerome Powell to lower interest rates, and said Powell's "termination cannot come fast enough."
The Details: In a post Thursday on Truth Social, Trump accused Powell of being "TOO LATE AND WRONG," suggesting that like the European Central Bank (ECB) he should lower interest rates. On Wednesday at the Economic Club of Chicago, Powell said the Fed’s priority is to prevent further inflation from tariffs. Powell has previously said he wouldn’t resign if Trump asked him to.
For Context: Powell's term ends in May 2026. Trump initially appointed Powell in 2018, and he was later reappointed by Biden in 2022.
How the Media Covered It: The Epoch Times (Lean Right bias) highlighted quotes from Treasury Secretary Scott Bessent, who agreed with Trump’s stance on Powell. ABC News (Lean Left bias) highlighted Powell's response to Trump's criticisms and accentuated his concerns of stagflation. The Wall Street Journal (Center) detailed both Trump's criticisms and Powell's stance on the Fed's independence.
Revised by the AllSides staff (of humans) after a first draft from our custom AI. Learn more. Support our mission.
Featured Coverage of this Story
President Donald Trump renewed his call for the Federal Reserve to cut interest rates, saying Fed Chair Jerome Powell’s “termination cannot come fast enough.”
In a Truth Social post on April 17, Trump urged the Federal Reserve to emulate the European Central Bank (ECB) and follow through on rate cuts as prices are down and “the USA is getting rich on tariffs.”
Jamie Kelter Davis/Bloomberg News
President Trump lashed out at Federal Reserve Chair Jerome Powell in a post on social media Thursday that hinted at potentially dismissing the central bank leader, one day after Powell warned that the Fed could face a difficult trade-off as tariffs raise prices and weaken the economy.
“Powell’s termination cannot come fast enough!” the post read. Trump said Powell “is always TOO LATE AND WRONG” and should be cutting interest rates alongside other central banks.
President Donald Trump on Thursday sharply criticized Federal Reserve Chair Jerome Powell, urging the central bank to lower interest rates and saying Powell’s “termination cannot come soon enough.”
It was not clear whether Trump’s comments indicated a desire to remove Powell from his position or an eagerness for the completion of Powell’s term as Fed chair in 2026. The Fed is an independent government agency established by Congress.
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