24/7 Cryptocurrency News

Donald Trump Criticizes Jerome Powell, Urges Fed Rate Cuts

Donald Trump has fired shots at Jerome Powell, branding the Fed Chair a latecomer over delays over interest rate cuts.
Published by
Donald Trump Criticizes Jerome Powell, Urges Fed Rate Cuts

Highlights

  • Donald Trump has criticized Jerome Powell for indecision toward rate cuts.
  • Recent US economic data indicates slowing inflation amid calls for interest cuts.
  • However, the Fed is opting for a cautious approach amid Trump's global tariff wars.

US President Donald Trump has taken swipes at Fed Chair Jerome Powell over a sluggish stance toward interest rate cuts. In his latest salvo, Trump labeled the Fed Chair as “too late Powell” amid heightened calls for the Fed to slash interest rates.

Advertisement

Donald Trump Denounces Jerome Powell For Failing To Cut Interest Rates

Amid the calls for the US Federal Reserve to cut interest rates, US President Donald Trump has waded in to criticize Fed Chair Jerome Powell. In a Truth Social post shared on X, Trump took swipes at Jerome Powell for dragging his feet over interest rate cuts.

According to Trump, calls for rate cuts have reached deafening levels in the US, with a consensus forming on the issue. However, Donald Trump notes that Powell and the Fed appear poised to delay rate cuts, potentially harming economic progress.

“The consensus of almost everybody is that the Fed should cut rates sooner, rather than later,” said Trump. “Too late Powell, a man legendary for being too late, will probably blow it again – But who knows?”

Powell left interest rates unchanged at the last FOMC meeting in early May to the consternation of a broad spectrum of investors. The decision is the third by the Fed to keep interest rates unchanged, with Powell benchmarking interest rates at 4.25%-4%.

Previously, speculation of Donald Trump removing Powell as Fed Chair over a failure to cut rates reached a crescendo. However, Trump branded Powell a fool for keeping interest rates unchanged despite improving economic metrics.

Advertisement

Why Is Powell Keeping Interests Rates Unchanged?

As the markets figure out the Fed’s decision to keep interest rates unchanged, several theories have gathered steam. In his FOMC speech, Powell blamed tariffs for unchanged interest rate cuts, noting that inflationary forces are still holding sway. The Fed Chair noted that inflation is not declining as expected and trade tensions stoked by Donald Trump are creating an air of uncertainty.

However, soft PPI inflation data released in mid-May is painting a different economic picture. According to data released by the US Bureau of Labour Statistics (BLS), PPI data fell to 2.4% below expectations, pointing to cooling inflation metrics.

Investors have their sights on the Fed’s interest rate announcements given the seismic impact on cryptocurrency prices. Lower inflation rates typically affect crypto prices positively with investors increasing allocations to digital assets, spiking liquidity levels. As Donald Trump amplifies criticism for Powell, a change in stance to cut interest rates is poised to send prices on a rally.

 

 

 

Share
Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he's not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH

Popular gold advocate Peter Schiff has criticized Bitcoin’s weakness against gold, calling it near bear…

September 7, 2025
  • Bitcoin News

Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure

Arkham Intelligence has identified 45,000 Bitcoin (BTC), valued at nearly $5 billion, that remains untouched…

September 7, 2025
  • 24/7 Cryptocurrency News

Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline

Ethereum ETFs faced a sharp investor pullback this week, shedding nearly half a billion dollars…

September 6, 2025
  • 24/7 Cryptocurrency News

World Liberty Financial Discloses Reason for Blacklisting 272 Wallets

World Liberty Financial (WLFI) has confirmed that it blacklisted 272 wallets and explained why it…

September 6, 2025
  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025
  • 24/7 Cryptocurrency News

Michael Saylor Spotlights Strategy’s Performance Following S&P 500 Snub

Michael Saylor highlighted Strategy’s outperformance after the company was excluded from the S&P 500. The…

September 6, 2025