Trump blasts Fed Chair Powell, saying his ‘termination cannot come fast enough’

The long-simmering showdown between President Donald Trump and Federal Reserve Chair Jerome Powell is heating up. Trump on Thursday morning lashed out at the Fed leader in a social media post for not cutting interest rates, saying the central bank is lagging behind its European counterpart. “Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete ‘mess!’ Trump wrote.

“Powell’s termination cannot come fast enough!” The president’s post comes after Powell on Wednesday gave his starkest warning yet on the potential economic fallout of Trump’s sweeping tariffs. This is a developing story and will be updated..