Overview

• Donald Trump called Federal Reserve Chair Jerome Powell an 'immense loser' and 'Monsieur le retardataire' on Truth Social, accusing him of delaying necessary rate cuts.
• Trump has threatened to remove Powell from his position, though legal precedent complicates any such effort without evidence of serious misconduct.
• The president urged Powell to follow the European Central Bank's example, which has cut interest rates seven times, contrasting with the Fed's cautious approach.
• Financial markets reacted negatively to the escalating tensions, with the dollar weakening and U.S. stock indices falling sharply.
• Powell remains firm on maintaining the Fed's independence and setting its own pace for monetary policy adjustments despite mounting White House pressure.