Fed Chair Jerome Powell is facing fierce criticism from President Trump for keeping interest rates too high. Trump believes America should pay just 1% interest, but Powell refuses to cut rates quickly. This decision has sparked a major showdown between the White House and the Federal Reserve.
Trump called out Powell on social media, demanding much lower rates. He posted that Powell “should be ashamed” for not cutting rates faster. Trump wrote that rates should be “lower by a lot” and scrawled that America should pay just 1% interest. This shows Trump’s strong anger at the Fed’s slow moves.
Powell claims he can’t cut rates yet because of Trump’s own tariffs. He admitted the tariffs forced the Fed to put rate cuts “on hold.” The tariffs made inflation forecasts jump, so Powell says the Fed must wait and see what happens. This wait-and-see approach has dragged on for six months with no action.
While Powell waits, hardworking Americans suffer under high borrowing costs. Families pay more for mortgages, car loans, and credit cards because rates stay high. This squeezes everyday people while the Fed watches from the sidelines. It’s unacceptable when better policies could bring relief.
White House Press Secretary Karoline Leavitt exposed how out-of-step Powell’s rates are. She showed proof that America pays far higher interest than other countries. This evidence made reporters gasp at the shocking difference. It proves Powell is failing our economy when we need real leadership.
The Fed should listen to President Trump’s call for immediate rate cuts. Trump knows that lower rates would boost jobs and growth. Instead, Powell plans just two small cuts this year, starting maybe in July. That’s too little, too late for families struggling right now.
If Powell keeps rates high, it will hurt our economic recovery. Businesses won’t hire, prices will stay painful, and growth will stall. We need bold action to unleash prosperity, not timid delays. Powell’s excuses won’t feed families or fill paychecks.
It’s time for the Fed to slash rates dramatically and fuel the American comeback. President Trump is right—1% rates would energize our economy. Powell must put America first instead of making excuses. Our great country deserves better than this failed leadership.
