President Donald Trump has called on the Federal Reserve Board to take action if Chair Jerome Powell fails to cut interest rates, intensifying the ongoing debate over U.S. monetary policy.
Trump raises pressure on Powell
During recent remarks, Trump criticized Powell for maintaining current interest rates and suggested that the broader Federal Reserve Board should intervene if Powell does not move to lower them.
Trump stated:
“Jerome ‘Too Late’ Powell, a stubborn MORON, must substantially lower interest rates, NOW. IF HE CONTINUES TO REFUSE, THE BOARD SHOULD ASSUME CONTROL, AND DO WHAT EVERYONE KNOWS HAS TO BE DONE!”
Political influence on monetary policy
Trump’s comments come amid heightened scrutiny of the Fed’s independence, as political figures increasingly weigh in on central bank decisions.
The call for intervention underscores a growing willingness by some in Washington to challenge the traditional autonomy of the Federal Reserve.
