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President Donald Trump has intensified his criticism of Federal Reserve Chair Jerome Powell, accusing him of being slow to adjust interest rates despite falling inflation. In a recent Truth Social post, Trump labeled Powell as “Too Late” and suggested that his termination “cannot come fast enough”.
This marks the latest in a series of public disputes between Trump and Powell, who has maintained that he intends to serve out his term, which ends in May 2026. Trump’s comments have raised concerns about potential political interference with the Federal Reserve’s independence.
In response to Trump’s remarks, Florida Senator Rick Scott expressed agreement, stating that it is “time for new leadership at the Federal Reserve”. However, experts caution that any attempt to remove Powell could undermine the credibility of the central bank and disrupt financial markets.
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