Trump Says Fed Chair Powell's 'Termination Cannot Come Fast Enough' -- WSJ

Dow Jones
04-17

By Ben Dummett

President Trump escalated his feud with Federal Reserve Chair Jerome Powell over interest-rate policy.

On Wednesday, Powell said the recent market selloff was understandable given the uncertainty over Trump's tariff policy. In response, Trump took to Truth Social early Thursday morning.

"Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete "mess!"" Trump wrote.

"Powell's termination cannot come fast enough!," the president said, arguing the central bank should have cut rates more aggressively, like the European Central Bank.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 17, 2025 06:45 ET (10:45 GMT)

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