President Donald Trump has again publicly criticized Jerome Powell, the leader of the Federal Reserve, calling him “WRONG” and his policies a “complete ‘mess!'”. This kind of behavior is unusual for a US President, who normally shows deference to central bankers. However, Trump has repeatedly attacked the Fed and its policies over the years.
Despite Trump’s criticism, the Fed has maintained its independence and made policy decisions without being swayed by the president’s comments. Powell, a Trump nominee, has done an effective job leading the central bank.
However, with interest rates rising and economic growth slowing down, Trump may be under pressure to remove Powell from his position. A pending court case could provide the president with the power to make such a move without cause, despite current laws governing the removal of Fed chairs.
Source: https://www.theatlantic.com/economy/archive/2025/04/trump-fed-economic-disaster/682506