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Trump has publicly criticized the Federal Reserve (FED) more than 12 times this year, demanding an immediate interest rate cut.
According to BlockBeats, on May 7, Trump challenged the Federal Reserve for the first time since taking office in January this year, asking the Fed to "cut interest rates immediately", while suggesting that "I know interest rates better than Powell". At the January Fed meeting, Powell stressed that there was no rush to cut interest rates, and Trump immediately criticized him on social platforms: Powell and the Fed failed to stop the inflation problems they created. In March of this year, Trump again shouted out to Powell on social platforms: As US tariffs begin to affect the economy (gradually), it would be much better for the Fed to cut interest rates. Do the right thing! At the beginning of April this year, Trump shouted to Powell: cut interest rates, stop playing politics! For Powell, now is the perfect time to cut interest rates. Powell always acted too late. On April 17, Trump criticized Powell on social platforms: Powell "moves too slowly", he always acts too late and makes wrong decisions. Powell couldn't have been fired faster! On April 18, Trump again stressed that he was not satisfied with Powell, believing that Powell was "playing politics", saying that he believed Powell would leave at his request, but Trump also said that he did not regret nominating Powell. On April 21, Trump mocked Powell on social media as "Mr. Too Late" and "a big loser", believing that Powell was always "late". Trump said inflation is almost non-existent and called on Powell to cut interest rates as soon as possible. On April 22, Trump ushered in a 180° turnaround, saying that there were no plans to fire Powell, and that the media always messed things up. He also said that now is the perfect time for the Fed to cut interest rates, and hopes that Powell can cut interest rates earlier or on time, not too late. On April 24, Trump reiterated that the Fed should cut interest rates, hoping that the Fed would cut them, and again criticized the Fed for being slow to act. On April 29, Trump boasted about his 100 days in office, saying he knew interest rates better than the Fed chairman, and criticized Fed officials for their poor performance. On May 2, Trump renewed his call for interest rate cuts after the release of the non-farm payrolls report, saying that tariffs bring in billions of dollars in revenue and are only in a transitional phase, and that the Fed should lower interest rates. In an interview on May 4, Trump made it clear for the first time that he would not consider removing Powell from office until his term ends in 2026, while reiterating that the Fed should lower interest rates. U.S. small businesses don't need any relief. On 7 May, the Fed is about to announce its interest rate decision, and the market is widely expected to be on hold, and Trump may lash out at Powell again on this decision. (Golden Ten)