President Donald Trump escalated his feud with Federal Reserve Chair Jerome Powell on Thursday, saying his termination cannot come fast enough, according to CNBC. In a Truth Social post, Trump criticized Powell’s handling of interest rates and praised the European Central Bank’s repeated rate cuts. Powell said in a speech that the administration’s tariffs complicate the Fed’s efforts to balance inflation control with economic growth. He has previously stated that the president cannot legally remove him before his term ends in 2026.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump escalated a dispute with Federal Reserve Chair Jerome Powell on Thursday,
00:07saying his termination cannot come fast enough, according to CNBC.
00:10In a Truth Social post, Trump criticized Powell's handling of interest rates and
00:14praised the European Central Bank's repeated rate cuts.
00:17Powell said in a speech that the administration's tariffs
00:20complicate the Fed's efforts to balance inflation control with economic growth.
00:25He had previously stated that the president cannot
00:27legally remove him before his term ends in 2026.
00:31For all things money, visit Benzinga.com slash GSTV.