The feud between President Donald Trump and Federal Reserve Chairman Jerome Powell continues, with Trump posting a photo of Powell falling in the trash on X.
“‘Too Late’ is a DISASTER for America! Interest Rates too high!” Trump tweeted with a graphic depicting Powell falling into a dumpster. Powell, who has stated that he will remain as chairman, has been feuding with Trump for over a year.
The tension has been a defining example of a clash between political leadership and central bank independence in the United States. At the heart of this feud lies a disagreement between interest rate policy and the broader direction of the U.S economy, which began in April of 2025.
POWELL STAYING ON AS FED BOARD GOVERNOR ‘VIOLATES ALL NORMS,’ BESSENT SAYS
During Trump’s presidency, he has repeatedly criticized Powell for raising interest rates and arguing that tighter economic policy risked slowing
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