President Trump and Chairman Powell’s escalating clash over rate cuts

The relationship between the president Donald Trump The head of the Federal Reserve, Jerome Powell, is deteriorating quickly.

At the heart of the conflict, there is a hesitation of Powell in low interest rates, a stance rooted in the cautious and data -based approach to managing inflation and economic growth.

Trump, who was appointed Powell as head of federal reserve lectures in 2017, grew out in a growing loudly, and urged the central bank repeatedly to reduce prices as a way to stimulate the economy.

In recent weeks, the president has increased his pressure campaign, Powell, and the use of personal insults to express his frustration with the decisions of the Federal Reserve.

Powell shares what it takes to leave the federal reserve, as the book reveals

Table:

January 29: The Federal Reserve holds fixed rates amid uncertainty. Trump says in a social media post that if the Federal Reserve spends less time in Dei, gender ideology, green energy and fake climate change “were not an economic issue in inflation.

Trump urges price cuts to boost savings, but the federal reserve says the economy is strong

Powell prepared for the head of the former government efficiency (Doge) Elon Musk He claims that the Federal Reserve is “exaggerated in a ridiculous manner.”

“We run a very accurate budget process as we are fully aware. We owe it to the public, and we think we are doing it. I had no other comment on that, thank you,” Powell told Fox Business at a press conference. Powell also announced that the central bank will retain fixed interest rates.

February 12Trump says that low interest rates will go “side by side” with his management tariff. “Let’s invite rock & roll, America,” Trump wrote in a social position of the truth.

March 19: Powell announces that the Federal Reserve will continue to continue interest rates.

April 4: Trump puts the heat on Powell in a social publication in fact in all hats, and writes, “Reducing Jerome interest rates and stop playing politics.”

April 17: “End of Powell cannot come at a speed enough,” Trump says Trump, adding that the Federal Reserve Chairman who used him in 2017 “is always late and a mistake.”

April 21: The President is the “pioneering loser” Powell immediately to reduce prices.

May 7: Powell says that the Federal Reserve will leave the standard interest rate unchanged.

May 8: Trump calls Powell “a fool” who “has no idea” the next morning to leave the left rates of the Federal Reserve by 4.25 % to 4.5 %. He later says that Powell did not lower the rates because he was “not in love with me.”

Trump’s potential brief list of Federal Reserve Chair is formed

May 29: Powell meets with Trump at the White House for the first time since the start of the second president’s term.

June 19: President Powell describes as “one of the most destroyed people in the government” in a social position. He added that the current Federal Reserve Chair is an “American stigma”.

Federal Reserve Chairman Jerome Powell holds a press conference after the Federal Open Market Committee meeting on June 18, 2025, in Washington, DC (Win McNamee / Getty Images / Getty Images)

June 21: Trump says he is considering changing his opinion about the launch of Powell, which he called “full and complete fool.” “Perhaps, just, will I have to change my opinion about shooting him?” Trump said in fact.

June 24: In a post on social media, Trump says he hopes that the lawmakers “this very stupid person, who is very difficult.” The Truth Post came before Powell appeared in front of the Financial Services Committee in the House of Representatives.

June 25: During a NATO journalist, Trump said Powell had “low intelligence” and that he was thinking Three or four candidates To take the job of the Federal Reserve Chairman.

June 30: White House press secretary Caroline Levitte reads from Trump to Powell during a press conference. Trump Powell called for the title of “Al -Sayed after it is too late” and said that by not lowering prices, the United States Speaker assigned the United States “hundreds of billions of dollars.”

They hope that the Powell function intensifies the payment amid Trump’s rift

July 8: Trump calls for “terrible” Powell to resign immediately and tells the journalists, “We must get someone there that will reduce interest rates.”

July 14: Trump describes Powell as a “detailed head” and a “stupid man”, noting that Powell’s refusal to reduce prices. “We must be at 1 %. We must be less than 1 %,” the president said.

July 15: Trump calls the costs of renewal in the federal reserve “firefighting crime” and says that talking to Powell “is like speaking to a chair.”

Treasury Secretary Scott Bessin said the White House began a “official operation” to find the successor of Powell. BESSENT refused to give a nomination schedule.

President Donald Trump, along with Treasury Secretary Scott Bessin, speaks during a meeting at the White House in Washington, DC, April 24, 2025. (Saul Loeb / AFP via Getty Images / Getty Images)

July 16: Trump asks Republican Republicans in the House of Representatives during a meeting if he should shoot Powell. The President of the White House reporters told, “Almost each of them said that” I should “reject the Federal Reserve Chair. He said it is unlikely to shoot Powell.

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Trump also told the White House correspondents that Powell was doing “bad” and that many people had described him as generating this role.

July 18: In a post on social media, Trump describes Powell as “Numskull” and says that the seven people who make up the Federal Reserve Council “equally” to harm the American economy.