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Trump Slams Fed Chair Over Steady Interest Rates

5/17/2025

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Summary

Story summary

President Trump has taken aim at Federal Reserve Chair Jerome Powell, expressing frustration over the Fed's decision to keep interest rates steady at 4.25%-4.5%. He argues that inflation is under control and urges the Fed to emulate Europe and China. However, economists caution that Trump's tariffs could drive up consumer prices, making rate cuts more challenging.

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Story summary

President Trump has taken aim at Federal Reserve Chair Jerome Powell, expressing frustration over the Fed's decision to keep interest rates steady at 4.25%-4.5%. He argues that inflation is under control and urges the Fed to emulate Europe and China. However, economists caution that Trump's tariffs could drive up consumer prices, making rate cuts more challenging.