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6d ago

Trump Escalates Feud with Fed Chair Powell, Calling for Immediate Rate Cuts

President Trump intensifies efforts to pressure Federal Reserve Chair Jerome Powell, publicly insulting him and exploring legal avenues for removal, as financial markets react with volatility.

Donald Trump a estimé que Jerome Powell était «trop lent» à baisser les taux d’intérêt.
Le patron de la Réserve fédérale américaine Jerome Powell à Washington, le 29 janvier 2025. 
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Overview

  • Donald Trump called Federal Reserve Chair Jerome Powell an 'immense loser' on Truth Social, criticizing him for delaying interest rate cuts.
  • Trump threatened to dismiss Powell before his term ends in 2026, claiming he could act quickly if necessary.
  • The Trump administration is reviewing legal options to remove Powell, despite significant legal and institutional hurdles requiring proof of 'grave fault.'
  • Financial markets showed signs of instability, with the dollar dropping against major currencies and U.S. equities and bonds experiencing declines.
  • Jerome Powell remains committed to the Federal Reserve's independence, maintaining a cautious approach to monetary policy despite mounting political pressure.