Trump has repeatedly urged the Federal Reserve to cut interest rates, and sources say it may fire Powell

律动BlockBeats|Mar 25, 2025 14:39
According to BlockBeats, on March 25th, after the last Fed rate decision, US President Trump has repeatedly urged the Fed to cut interest rates. As people's concerns about Trump's trade agenda deepen, Trump is eager for the Federal Reserve to accelerate the pace of interest rate cuts to ease economic pressure. On the other hand, the Federal Reserve is preparing for the potential price shock caused by Trump's tariffs, which will delay any interest rate cuts even if the economy weakens.
So far, Trump's anger towards the Federal Reserve has been relatively mild. Although he has been criticizing the Federal Reserve since it suspended interest rate cuts last Thursday, he has not yet issued a direct threat.
Trump has taken radical measures to strengthen his control over the government and reshape it according to his political will. A source close to the White House said that Trump may try to fire Powell. The source said, "I don't think Powell will leave voluntarily. Trump may try to fire him, but I also think Powell is enough to give people a sense of security and leave a deep impression. He won't leave voluntarily
When asked if the government believes it has the authority to dismiss Federal Reserve officials (after firing two Federal Trade Commission commissioners) and if Trump still plans to let Powell complete his term, the White House stated that there have been no new statements. (Golden Ten)
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