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Trump Slams Fed Chair, Demands Lower Interest Rates

6/29/2025

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Summary

Story summary

President Trump unleashed a fiery critique of Fed Chair Jerome Powell, calling him a "stubborn mule" and hinting at a potential successor who would prioritize lower interest rates. This outburst comes on the heels of a 2.3% surge in the PCE price index, as consumer spending falters under the weight of tariffs, raising concerns among economists about inflation's impact on future rate cuts.

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Story summary

President Trump unleashed a fiery critique of Fed Chair Jerome Powell, calling him a "stubborn mule" and hinting at a potential successor who would prioritize lower interest rates. This outburst comes on the heels of a 2.3% surge in the PCE price index, as consumer spending falters under the weight of tariffs, raising concerns among economists about inflation's impact on future rate cuts.