Trump Says Fed Chair’s ‘Termination Cannot Come Fast Enough’

President Donald Trump has once again taken aim at Federal Reserve Chairman Jerome Powell, saying that his “termination cannot come fast enough.” This latest attack on Powell comes as the president continues to express frustration with the Federal Reserve’s monetary policy decisions.

In a series of tweets, Trump criticized Powell for not cutting interest rates fast enough, accusing him of holding back the U.S. economy. The president has long been critical of the Federal Reserve’s decision to raise interest rates, arguing that it has hindered economic growth and made it difficult for businesses to thrive.

Trump’s latest comments come as the Federal Reserve is set to meet later this month to discuss potential interest rate cuts. The president has been pushing for the central bank to lower rates in order to stimulate the economy and boost stock market performance.

However, Powell and other members of the Federal Reserve have maintained that they will make decisions based on economic data and not political pressure. The central bank has stressed the importance of remaining independent and not caving to political influence.

Despite Trump’s criticism, Powell has said that he has no intention of resigning from his position as Federal Reserve Chairman. Powell was appointed by Trump in 2018 and his term is set to expire in 2022.

The ongoing feud between Trump and Powell has raised concerns about the independence of the Federal Reserve and the impact of political pressure on monetary policy decisions. Critics worry that the president’s attacks on Powell could undermine the credibility of the central bank and erode public trust in its ability to make decisions based on economic data rather than political considerations.

As the Federal Reserve prepares to meet later this month, all eyes will be on Powell and his fellow members as they navigate the delicate balance between supporting economic growth and maintaining the central bank’s independence. Trump’s continued attacks on Powell only serve to highlight the challenges facing the Federal Reserve in an era of heightened political polarization.