Trump says Fed chair is ‘too late’ on interest rates: ‘Powell’s termination cannot come fast enough!’

Quick Summary:

A day earlier, Federal Reserve chair Jerome Powell offered a pessimistic view of the economy because of the White House’s tariff policy.

He was clear the Fed’s view of the future of the U.S.economy had worsened as a result of Trump’s tariff policy.“The level of tariff increases announced so far is significantly larger than anticipated, and the same is likely to be true of the economic effects, which will include higher inflation and slower growth,” Powell said.

The Fed has paused a rate-cutting cycle it had started in September 2024.

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Article Details

Author / Journalist: Paolo Confino

Category: EconomyBusiness

Markets: United States

Topics: Federal Reserve Tariffs and trade Donald Trump U.S. economy Jerome powell

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-17 @ 12:59:42 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 274 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 46 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27963863

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 28 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 17 hours ago

Coverage Areas: United States

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