From CNBC: 2025-04-17 06:56:00

President Trump criticized Federal Reserve Chair Powell, calling for rate cuts and even hinting at Powell’s termination. Trump pointed to the ECB’s rate cuts and Powell’s perceived tardiness in lowering U.S. rates. Powell’s recent speech addressing tariffs and monetary policy challenges contributed to market volatility. Trump previously urged rate cuts but now explicitly calls for Powell’s firing. Powell’s term ends in May 2026.

Read more: Trump again calls for Fed to cut rates, says Powell’s ‘termination cannot come fast enough’