Back to today’s briefing

Story perspectives

Trump Criticizes Powell Over Delayed Rate Cuts

7/17/2025

24 5

Summary

Story summary

Former President Donald Trump took aim at Federal Reserve Chair Jerome Powell, accusing him of political bias in delaying interest rate cuts. Despite appointing Powell in 2017, Trump blamed President Biden for extending his term. Although he contemplated firing Powell, he ultimately backed down, leaving many questioning his grasp of the economic landscape.

1 of 1

Story summary

Former President Donald Trump took aim at Federal Reserve Chair Jerome Powell, accusing him of political bias in delaying interest rate cuts. Despite appointing Powell in 2017, Trump blamed President Biden for extending his term. Although he contemplated firing Powell, he ultimately backed down, leaving many questioning his grasp of the economic landscape.