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Trump Blasts Fed Chair, Eyes Rate-Cutting Replacements

7/10/2025

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Summary

Story summary

President Trump is vocally challenging Federal Reserve Chair Jerome Powell, arguing that his refusal to cut interest rates is costing the U.S. a staggering $360 billion each year. Meanwhile, Trump is eyeing potential replacements, Kevin Warsh and Kevin Hassett, both of whom share his critical stance on Powell's approach.

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Story summary

President Trump is vocally challenging Federal Reserve Chair Jerome Powell, arguing that his refusal to cut interest rates is costing the U.S. a staggering $360 billion each year. Meanwhile, Trump is eyeing potential replacements, Kevin Warsh and Kevin Hassett, both of whom share his critical stance on Powell's approach.