TRUMP DEMANDS ACTION – CALLS ON POWELL TO CUT RATES!

TRUMP ESCALATES BATTLE – DEMANDS POWELL CUT RATES OR LOSE CONTROL

President Trump has dramatically escalated his campaign against Jerome Powell, demanding immediate rate cuts and threatening to strip the Fed Chair of his authority.

Trump Delivers Ultimatum to Powell

“Jerome ‘Too Late’ Powell, a stubborn MORON, must substantially lower interest rates, NOW,” Trump wrote on Truth Social. “IF HE CONTINUES TO REFUSE, THE BOARD SHOULD ASSUME CONTROL, AND DO WHAT EVERYONE KNOWS HAS TO BE DONE!” This represents the strongest language yet from President Trump as he fights for American families against Powell’s stubborn refusal to help the economy.

Trump has repeatedly called for rate cuts that would help Americans buy homes, start businesses, and refinance existing debt. “Interest rates have to come down,” Trump said during a meeting with Powell, making what he called a “very simple” request that any competent Fed Chair would understand.

Rate Cuts Would Be “Like Jet Fuel” for Economy

“Now, if the chairman of the Fed … if he would lower interest rates like China did, like I think UK did, but like numerous other countries have done, it would be, it’s like jet fuel … but he doesn’t want to do it,” Trump told reporters. “I think he doesn’t want to do it. Probably he’s not, he’s not in love with me. I think that’s, it’s sort of a crazy reason, but that’s the way life is.”

The President is absolutely right – central banks around the world have been cutting rates while Powell stubbornly refuses to help American families. The Bank of England voted to lower its key borrowing rate another quarter percentage point. The European Central Bank also has been in cutting mode. Most other major global central banks also have been reducing rates to support their economies.

Powell’s Political Games Hurt American Families

“If we had a Fed Chairman that understood what he was doing, interest rates would be coming down, too,” Trump said. “He should bring them down.” This perfectly captures the frustration of every American who wants to buy a home or refinance their mortgage but can’t because Powell is playing politics instead of doing his job.

During a Friday afternoon question-and-answer session with reporters, Trump pointed to examples of prices going down and economic growth exceeding expectations. The data clearly supports rate cuts, but Powell continues to find excuses to maintain his punitive high-rate policy that hurts working families.

Fed Board Members Support Trump’s Position

At least two members of the Federal Open Market Committee — Federal Reserve governors Christopher Waller and Michelle Bowman — have signaled their belief that it is time to cut rates. Both are Trump appointees who understand that the economic data supports lower rates to help American families.

Fed Governor Christopher Waller and the Fed’s Vice Chair for Supervision Michelle Bowman, both appointed by President Donald Trump, chose to dissent from Powell’s decision to hold rates steady, preferring a quarter-point rate cut instead. This shows that even within the Fed, there is growing recognition that Powell’s position is untenable.

Trump Considering All Options

Trump posted on Truth Social that “Powell’s termination cannot come fast enough,” using his nickname of “Too Late” for Powell. The President has also applauded the news that Federal Reserve board member Adriana Kugler, an appointee of former President Joe Biden, would step down on August 8, giving him a new vacancy to fill.

“Jerome ‘Too Late’ Powell is a disaster. DROP THE RATE!” Trump declared, perfectly summarizing the frustration of every American who wants the Fed to serve the people instead of protecting Powell’s reputation.

American Families Need Lower Rates

“‘Too Late’ MUST NOW LOWER THE RATE. No Inflation! Let people buy, and refinance, their homes!” Trump wrote, highlighting exactly what’s at stake for American families. With inflation under control and the economy growing, there is no excuse for maintaining punitive interest rates that prevent families from achieving the American Dream.

The Fed’s decision to keep its key benchmark rate unchanged means most Americans must still contend with higher borrowing costs, for now. “It’s not a good time to be a borrower, but it’s a great time to be a saver,” said one analyst, but this misses the point that American families need access to affordable credit to buy homes and start businesses.

Powell’s Time Running Out

Trump has made it clear that Powell’s days are numbered, saying “he is going to be out pretty soon anyway” — a reference to the fact that Powell’s term as chair is up in May. The President has the power to nominate Powell’s replacement and will undoubtedly choose someone who understands that the Fed should serve American families, not protect the reputation of a failed Fed Chair.

President Trump is fighting for your right to affordable credit and lower interest rates that would help you buy a home, start a business, or refinance existing debt. While Powell plays political games and finds excuses to maintain high rates, your President is demanding that the Fed serve American families instead of protecting the reputation of a failed central banker. When Trump finally replaces Powell with someone who understands economics and cares about American families, you’ll see the immediate benefits of lower mortgage rates, cheaper business loans, and an economy that works for working people instead of Wall Street elites.