Former President Donald Trump has intensified criticism of Federal Reserve Chair Jerome Powell, accusing him of acting too slowly on interest rate cuts.
So far this year, the Fed has lowered rates into the 3.5%–3.75% range to support economic activity. However, Trump argues that these reductions fall short and is pushing for much deeper cuts to accelerate growth.
With Powell’s term set to end in May 2026, Trump could appoint a new Fed Chair aligned with his economic strategy — a move that has sparked debate around the future independence of the Federal Reserve.
Markets are paying close attention, as aggressive shifts in rate policy could trigger increased volatility across risk assets.
📊 Interest rate decisions can move everything.
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