President Trump has been vocally critical of Federal Reserve chairman Jerome Powell, demanding quicker interest rate cuts to spur economic growth. Trump's discontent stemmed from Powell's decision to maintain the benchmark interest rate between 4.25% and 4.50%. Despite ongoing modest inflation, Powell is wary of future price increases attributed to Trump's tariffs. Trump's confrontational stance escalated in April, leading to threats of termination for Powell. Other White House officials have also voiced their criticism regarding the handling of the Fed's refurbishment project.
President Trump has openly attacked Federal Reserve chairman Jerome Powell for not lowering interest rates quickly enough, raising concerns about the independence of the central bank.
Trump's criticism peaked in April when he called Powell a major loser and expressed a desire to see him removed as Fed chair, showcasing his discord with Powell's monetary policy.
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