Trump Says Powell Is Staying at Fed Because He Can’t Find Another Job

Source
Suehyeon Lee

Summary

  • President Donald Trump publicly criticized Federal Reserve Chair Jerome Powell.
  • Trump said 'Too Late' Jerome Powell wants to remain at the Fed because he cannot find a job elsewhere.
  • Trump’s remarks reflected his dissatisfaction with Powell’s interest-rate policy and the speed and direction of the monetary-policy response.

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Photo: Screenshot from Donald Trump’s Truth Social
Photo: Screenshot from Donald Trump’s Truth Social

President Donald Trump renewed his public criticism of Federal Reserve Chair Jerome Powell.

In a Truth Social post on April 29, Trump wrote that 'Too Late' Jerome Powell wants to remain at the Fed because he can't get a job anywhere else. "Nobody wants him," Trump added.

Trump has repeatedly attacked Powell over what he sees as a slow response on interest-rate policy. The latest comments reflect his dissatisfaction with the pace and direction of the Fed's monetary policy.

Suehyeon Lee

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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