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Trump Blasts Fed Chair Over Interest Rate Standoff

5/14/2025

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Summary

Story summary

President Trump slammed Federal Reserve Chair Jerome Powell for resisting interest rate cuts, insisting inflation is under control. He called on the Fed to emulate Europe and China. Meanwhile, the Fed remains steadfast, holding rates steady until inflation approaches its 2% goal. Economists caution that Trump's tariffs could drive up consumer prices and complicate potential rate reductions.

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Story summary

President Trump slammed Federal Reserve Chair Jerome Powell for resisting interest rate cuts, insisting inflation is under control. He called on the Fed to emulate Europe and China. Meanwhile, the Fed remains steadfast, holding rates steady until inflation approaches its 2% goal. Economists caution that Trump's tariffs could drive up consumer prices and complicate potential rate reductions.