Why Donald Trump assaults the president of the Fed Jerome Powell | EUROtoday

On Apr 21, 2025

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Un “immense loser” or “Monsieur too late”. Donald Trump once more attacked Jerome Powell, the president of the American Federal Reserve (Fed), this Monday, April 21. On his Truth Social community, the American president thus accused him of delay in decreasing the guiding charges, believing that he needed to take an instance on the European Central Bank which, “has already dropped seven times” its charges.

For a number of days, the Head of State has multiplied the assaults in opposition to the patron of the Fed, in opposition to a backdrop of disagreement on the administration of the United States financial coverage. “I’m not happy with him. I let him know and if I want him to leave, he will go quickly, believe me, “mentioned Donald Trump specifically on Thursday, April 17 from the White House. “It is more than time that Powell’s mandate ends,” he wrote his subsequent day on a social community.

At the origin of Donald Trump’s offensive, Powell’s phrases that mentioned a day sooner than the Fed needed to face “a complicated situation” due to uncertainty round customs surcharys, able to “most certainly lead to at least a temporary increase in inflation” in addition to “slowdown in growth”.

Named on the head of the Fed by Trump

The 71-year-old Jerome Powell was appointed by Donald Trump himself throughout his first mandate in 2018, the American president most well-liked to go for an impartial republican fairly than for Democrat Janet Yellen on the head of the Fed. A alternative that Trump now appears to remorse, when Jerome Powell mentioned in early April having the agency intention to “stay in post until the end of [son] mandate ”, in May 2026.

The conductor of American monetary policy is “an previous -fashioned reasonable curator who has completely nothing to do with Donald Trump”, analyzes for Public Senate the researcher Romuald Sciora. “And in addition, he openly criticizes the American president. This creates a perfect explosive cocktail, ”he continues.

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The kangaroo of the day

Answer

According to him, “Donald Trump could never see Jerome Powell in photo”. As of 2018, Trump additionally mentioned that “the only problem” within the American economic system was the Fed, already accusing him of pursuing a very restrictive financial coverage. In 2019 on Twitter, the American president even described Jerome Powell as “enemy” of the United States, remembers France Info.

In concept, a President of the United States can not dismiss the top of the Fed with out purpose, most frequently linked to a private fault, however the query of presidential powers on impartial companies ought to quickly be examined by the Supreme Court.

https://www.lepoint.fr/monde/un-immense-loser-pourquoi-donald-trump-attaque-le-president-de-la-fed-jerome-powell-21-04-2025-2587846_24.php