President Donald Trump isn’t holding back — and this time, Federal Reserve Chair Jerome Powell is in his sights again. On Tuesday, Trump fired off a fiery Truth Social post slamming the Fed’s decision to keep interest rates high, even as inflation shows signs of cooling off.
In classic Trump fashion, he didn’t mince words: “No Inflation, and Prices of Gasoline, Energy, Groceries, and practically everything else, are DOWN!!! THE FED must lower the RATE, like Europe and China have done.”
That’s right — while other countries are slashing rates to help their economies grow, the U.S. is stuck with what Trump mockingly calls “Too Late Powell.” He added, “Not fair to America, which is ready to blossom? Just let it all happen, it will be a beautiful thing!”
Trump’s message is clear: the Fed needs to get out of the way and let this economy thrive. He’s pushing for rate cuts that would supercharge growth and ease the pressure of his America-first tariffs. But the Fed, as usual, is dragging its feet — keeping interest rates locked between 4.25% and 4.5%, citing “inflation risks” and a still-strong labor market.
Let’s get real. April’s Consumer Price Index shows inflation at 2.3% year-over-year — which is manageable. Core inflation is a bit higher at 2.8%, but still nowhere near panic levels. Even the Fed’s own favorite number, the PCE index, showed a 2.3% rise in March.
So what’s Powell waiting for? A hand-engraved invitation from Heaven? Because right now, the economy is primed and ready to blossom — and Trump knows it.
Of course, the usual “experts” are trying to rain on the parade. Some economists say Trump’s tariffs could raise prices since U.S. importers pay the bill and pass costs to consumers. But let’s be honest — protecting American jobs is worth more than a few extra cents at checkout. That’s called leadership. And a little temporary pressure is better than being sold out to China.
This isn’t Trump’s first rodeo with Powell either. He’s called the Fed out before — and even considered firing Powell during his first term. Legal scholars love to clutch their pearls over that, reminding everyone that the Fed Chair can only be removed “for cause.” Translation? The Fed thinks it’s above accountability — and that’s the real problem.
Even Wall Street is chiming in. A recent Goldman Sachs report basically said, “don’t touch the Fed,” warning that messing with its so-called “independence” could bring inflation, tank the markets, and weaken the dollar.
But here’s the truth: independence isn’t the same as incompetence. The Fed is supposed to serve the American people — not act like an unelected priesthood, immune to common sense.
President Trump sees what’s coming. America’s economy is ready for revival — we just need the Fed to get out of the way and let it be the beautiful thing it was meant to be.