Powell's Pow-pow With Trump: A Look at the Fed's Unshaken Stance
Fed Maintains Interest Rate Steadfast - Trump Blasts Fed Chair Powell as 'Foolish' - Fed maintains interest rates steady - President Trump labels Fed Chair Powell "unintelligent"
Yeah, so here's the deal. The Federal Reserve, led by Chair Jerome Powell, has recently kept interest rates steady—much to the chagrin of President Trump. Trump's been kicking up a fuss, calling Powell a "stupid person" for not cutting rates in line with his demands. But let me tell you, this power struggle ain't fazing the Fed one bit.
Powell's been playing it cool, insisting that the Fed's interest rate decisions are based on cold, hard data, not Trump's opinions. He's been saying that the economic impact of Trump's tariffs hasn't fully rippled down to consumers yet. L by the way, an economic ripple's the effect a change in one part of the economy has on other parts—kinda like when you drop a pebble in a pond and the water ripples out. Yeah, that.
Trump's been kicking up a storm about this, thundering away about how lower interest rates would lead to more investments and better economic growth. He's been shaking things up for a while now, even going so far as threatening to fire Powell and questioning the independence of the Fed.
But the Fed's, well, got a spine. Despite Trump's public attacks, they ain't wavered. In fact, the Supreme Court's lent its support by ruling that the relationship between the president and the Fed chair's different from other agencies. This means Powell's job's secure until 2026, even if Trump doesn't like it.
So there you have it. Despite the spat, the Fed's riding high, making decisions based on data, not Trump's tweets. Powell's standing firm, and despite Trump's best efforts, he ain't budging from his focus on creating a stable, solid economy. And that's just the facts.
- Donald Trump
- Jerome Powell
- Interest Rate
- Federal Reserve System
- Federal Reserve
- US President
- Independence
- Government Agency
- Economic Data
- Dual Mandate
- Maximum Employment
- Price Stability
- Despite President Trump's public criticism, Jerome Powell, the head of the Federal Reserve, has maintained a steadfast stance, leaving interest rates unchanged, as the Federal Reserve System prioritizes making decisions based on economic data rather than political pressure from Washington.
- Amidst the ongoing power struggle between Donald Trump and Jerome Powell over the interest rate, the Supreme Court has ruled that the relationship between a US President and the Fed chair is different from other government agencies, ensuring Powell's independence and job security until 2026, despite any dissent.
- The policies and legislation of the Federal Reserve, particularly concerning interest rate decisions, remain impervious to politics, even as President Trump continues his call to lower interest rates, believing this would lead to more investments and improved economic growth.
