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Trump Blasts Powell's Rates Amid Global Recession Fears

4/25/2025

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Summary

Story summary

President Trump criticized Jerome Powell for maintaining interest rates, arguing it hinders economic growth.
His tariffs have adversely affected the global economy, raising fears of a financial crisis.
Analysts caution that politicizing the Federal Reserve may trigger a global recession, impacting financial markets.
Trump confirmed he will not fire Powell, whose term is set to end in May 2026.

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Story summary

President Trump criticized Jerome Powell for maintaining interest rates, arguing it hinders economic growth.
His tariffs have adversely affected the global economy, raising fears of a financial crisis.
Analysts caution that politicizing the Federal Reserve may trigger a global recession, impacting financial markets.
Trump confirmed he will not fire Powell, whose term is set to end in May 2026.