Trump Blasts Powell as a “Moron,” Urges Sharp Rate Cuts, Hints at Firing

Former President Donald Trump has once again aimed at Federal Reserve Chair Jerome Powell, reportedly calling him a “moron” and suggesting drastic monetary policy changes. According to individuals familiar with the matter, Trump urged that interest rates be slashed to between 1% and 2%, far below current levels.

Trump also hinted that he may replace Powell when the Fed Chair’s current term ends, reigniting speculation about his intentions toward the central bank’s leadership if he returns to office.

The remarks come amid growing political scrutiny of the Federal Reserve’s policies, especially around inflation and interest rates. Trump has long criticized Powell, whom he appointed in 2018, for not aligning monetary policy more closely with his administration’s economic agenda.

While sitting presidents traditionally respect the Fed’s independence, Trump’s latest comments signal a continued willingness to pressure the central bank and reshape its direction should he return to power.

Disclaimer and Risk Warning
coinweck does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party.  coinweck should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.