Trump Calls for Fed Chair Powell's 'Termination,' Threatens Lawsuit Over Interest Rates

President Trump escalated his attacks on Federal Reserve Chair Jerome Powell, calling him a 'numbskull' and 'stubborn moron' while demanding his termination for refusing to cut interest rates. In a social media post, Trump complained that Powell is 'always TOO LATE AND WRONG' and insisted his 'termination cannot come fast enough.' Trump also threatened a 'major lawsuit' against Powell and suggested he could fire him if he wanted to. These attacks come as the Fed declined to lower rates citing persistent inflation, and as the Supreme Court considers a case that could affect the president's ability to remove the Fed chair. Legal experts note that recent court rulings have reinforced Powell's independence from presidential pressure, though Trump continues his campaign to strong-arm the independent rate-setting agency. The attacks represent a direct assault on the institutional independence of the Federal Reserve, a cornerstone of economic stability and democratic governance.

“Powell is always TOO LATE AND WRONG, and he insisted the Fed chairman's termination cannot come fast enough!” — Posted on social media as part of ongoing attacks on Federal Reserve independence during a period when the Fed declined to lower interest rates Quote verified against source