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Trump says he won't fire Powell, but again demands rate cut

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Fed officials are expected to hold interest rates steady at their two-day policy meeting next week.
In an article published on June 12, 2025, by Fortune, it is reported that former President Donald Trump has publicly called for the firing of Federal Reserve Chairman Jerome Powell, criticizing him for not cutting interest rates amid persistent inflation. Trump's comments come at a time when the U.S. economy is grappling with high inflation rates, and he believes that lowering rates would stimulate economic growth. The article highlights the ongoing tension between Trump and Powell, noting that during his presidency, Trump frequently criticized Powell's monetary policies. Additionally, the piece discusses the broader implications of Trump's demand, including potential impacts on financial markets and the independence of the Federal Reserve.

Read the Full Fortune Article at:
[ https://fortune.com/2025/06/12/trump-fire-powell-rate-cut-fed-inflation/ ]