Trump to Fed: Cut Rates or Else! 🚨

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It seems like U.S. President Donald Trump is still having a hissy fit over Federal Reserve Chair Jerome Powell’s refusal to trim interest rates. I mean, who needs independence in a central bank, right? 🙄 Taking to Truth Social (because Twitter just isn’t an option anymore), Trump declared that the Fed needs to slash rates in a big way—and made it crystal clear he’s not letting up. Imagine a toddler stomping his foot, but with more hair gel.

“I think if Jerome Powell stepped down, it would be a great thing,” Trump told the press on Monday. “I don’t know that he’s going to—but he should. Jerome Powell’s been very bad for our country.” You know, because everything is always someone else’s fault. 🙃 Trump criticized the Federal Reserve for keeping interest rates too high, arguing the U.S. should have the lowest rates in the world. Because, you know, we’re the best, and we deserve the best rates.

He blasted the Fed for spending billions on its headquarters while mishandling economic policy. I mean, who needs a nice building when you can have lower interest rates, am I right? 🤷‍♀️ Moreover, Kevin Hassett, one of Trump’s economic advisers, also said over the weekend that the president might have grounds to fire Powell over this pricy renovation. Because, you know, that’s exactly what the country needs—more drama.

Trump continued:

“I call him ‘Too Late.’ He’s always too late. Every point costs us $360 billion. Think about that. We should be three points lower—that’s nearly a trillion dollars … You’re telling me he’s going to quit? I hope he quits. I don’t know if he will—but he should. He’s been very bad for the country.”

At its core, Trump is demanding a rate cut because he views Jerome Powell—and today’s steep interest rates—as a giant roadblock to the booming economy he’s eager to take credit for. He’s convinced Powell’s approach is hurting the nation financially, and he’s itching for the economic jolt that sweeping cuts could deliver—all while trying to reassert control over an institution he believes is snubbing him. It’s like a bad breakup, but with more money.

After weighing in on Monday, Trump followed up the next day on Truth Social, once again pushing for lower interest rates, stating:

“Fed should cut Rates by 3 Points. Very Low Inflation. One Trillion Dollars a year would be saved!!!”

Despite Trump’s fiery remarks, the U.S. central bank isn’t showing any signs of blinking on the federal funds rate. CME Group’s FedWatch tool puts the odds at a hefty 97.4% that the Fed will hold rates steady at its July 30, 2025, meeting. So, it looks like Trump will just have to keep on tweeting… er, Truth-ing. 📱

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2025-07-15 19:32