Well, it’s official: President Trump is not thrilled with a certain Washington official — and he’s making sure everyone knows it. In a no-holds-barred post on Truth Social, Trump lit into him with some classic Trump-style name-calling, labeling him a “numbskull” and a “moron,” while hinting he might just go ahead and fire him. After months of frustration over stalled economic progress, the man in Trump’s crosshairs is none other than Jerome Powell — the one holding the reins on interest rates and, according to Trump, holding back the American economy right along with them.
Trump’s beef with Powell isn’t new. It started back in his first term, when the Fed seemed more interested in tanking the economy than fueling the Trump boom. But now, with the economy growing, factories firing up, tariffs bringing in real revenue, and inflation cooling off, Powell still refuses to cut interest rates. Why? Because he claims he’s being “cautious.” Give me a break.
President Trump laid it out plainly: if Powell brought interest rates down to where they should be — in the 1% to 2% range — the U.S. could save up to $1 trillion per year in interest payments alone. That’s not pocket change. That’s money that could be going to infrastructure, national defense, tax relief, you name it. Instead, Powell’s keeping rates inflated based on some hypothetical future inflation that doesn’t exist right now.
And let’s be honest — Powell’s not exactly giving off “economic genius” vibes here. This is the same Fed Chair who couldn’t even see the 2021-2022 inflation wave coming until it slapped him in the face. He was “transitory this” and “temporary that” while Americans were getting hammered at the grocery store. Now that things are stabilizing, he’s pretending to be Paul Volcker reincarnated.
Trump’s point is pretty simple: Powell’s too slow, too stubborn, and too scared to admit he’s wrong. And if you can’t see that Trump has a much better grasp on the real economy than Powell ever will, you’re not paying attention. Trump’s the one out there talking to manufacturers, builders, and small business owners. Powell’s stuck in an ivory tower playing academic games with people’s livelihoods.
Oh, and let’s not ignore the hilarious (yet maybe not-so-joking) idea Trump floated: appointing himself as Fed Chair. That would make liberal heads explode coast to coast — and the Dow would probably jump 5,000 points overnight just on optimism alone.
So, should Trump fire Powell? Maybe. Legally, it’s murky, but Powell’s term ends soon anyway. Either way, 2026 can’t come fast enough. It’s high time the Fed stopped sabotaging the economy and started working with the president — not against him.