Back to Trump threatens to fire Fed Chair Powell after rates stay unchanged
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Trump called Powell a "numbskull" in June 2025 while demanding interest rate cuts.
Explanation
Trump attacked Powell while Fed governors Waller and Bowman dissented for the first time in 30 years, demanding rate cuts. Trump controls Fed succession politics—he's already narrowed replacement cand...
Sources
- Trump calls Fed chief Powell 'numbskull' as he urges interest rate cut
- Waller, in the running for chair, says Fed should start cutting this month and can adjust pace
- Yahoo Finance: Trump narrows Fed Chair replacement candidates
- Trump's move to fire Lisa Cook threatens Fed independence, risks inflation: Experts
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