Trump’s attacks on Fed’s Powell ramp up GOP’s economic fears
- President Donald Trump attacked Federal Reserve Chair Jerome Powell on Monday, April 21, demanding interest rate cuts to boost the United States economy.
- Trump wants lower rates for economic stimulus, while the Fed resists rapid cuts aiming to prevent inflation from reaccelerating near its 2% target.
- Reports indicate the administration is studying whether it can fire Powell, which could undermine the Fed's independence and trigger legal challenges.
- Major US stock indexes fell, the dollar index dropped significantly, while gold prices and Bitcoin saw notable gains on Monday.
- The President's actions and trade policies are causing market uncertainty, leading to a retreat from US assets and raising global economic standing doubts.
210 Articles
210 Articles
GOP insiders privately fear Trump’s 'ill-advised' vendetta against Fed chair is 'likely to backfire'
President Donald Trump continues to angrily rail against Federal Reserve Chairman Jerome Powell, calling for him to be fired and attacking him as a "loser" on his Truth Social platform. And some of Trump's critics believe he is playing with fire. Washington Post columnist Catherine Rampell, recently hired as a weekend host on MSNBC, considers Trump's feud with Powell an even bigger economic threat than his steep tariffs.Rampell recently told MSN…

Trump’s attacks on Fed’s Powell ramp up GOP’s economic fears
(The Hill) - President Trump's ramped-up attacks on Federal Reserve Chair Jerome Powell have Washington Republicans bracing for a confrontation that could make the turmoil in the financial markets much worse and put the Fed’s independence and credibility in jeopardy. Republican aides and strategists say GOP lawmakers are highly anxious about Trump’s tariff strategy and fear that he will send more waves through the financial markets by threatenin…
Who is Jerome Powell, chairman of the US central bank and a "big loser" according to Trump?
US President Donald Trump has again called for the resignation of Jerome Powell, the chairman of the US central bank, this past week. Trump disagrees with Powell's economic policies and calls him a "big loser". But who is the man with perhaps the most important economic job in the US?
Who Were the Presidents With the Worst Inflation Records?
Forbes Media Chairman and editor-in-chief Steve Forbes told Fox Business on Monday, April 21, 2025, that a surge in gold prices and the weak dollar means, “ultimately turbulence and higher prices in the marketplace. Just look at the 1970s, and we can see where that leads unless something is done about it now.” He continued, “But I don’t see any sign that the authorities have any idea, constructively, of what to do, sadly.” The U.S. dollar is cur…
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