How many times has Trump called for Powell to cut interest rates?Why didn’t Powell surrender?

Deng Tong, Bitchain Vision

On June 24, 2025, Trump posted on his social media platform “Real Social” that “Mr. Too Late” Federal Reserve Chairman Jerome Powell will explain in Congress today why he refused to lower interest rates.Europe has cut interest rates 10 times, while we have zero.Without inflation, economic prosperity – we should reduce it by at least 2 to 3 percentage points.It will save the United States $800 billion each year.

How many times have Trump urged Powell to cut interest rates since he took office in January?Why did Trump urge?Why didn’t Powell cut interest rates?

1. How many times has Trump urged Powell?

• On June 24, US President Trump posted on his social media platform “Real Social” that “Mr. Taichi” Federal Reserve Chairman Jerome Powell will explain in Congress today why he refused to lower interest rates.Europe has cut interest rates 10 times, while we have zero.Without inflation, economic prosperity – we should reduce it by at least 2 to 3 percentage points.It will save the United States $800 billion each year.

• On June 21, Trump posted on social media that “Mr. Taichi” Powell is always complaining about cost issues – most of these costs are caused by the Biden administration.The way he can make the greatest contribution to the United States at present is to decisively lower interest rates.If he can cut interest rates by one to two basis points, this “elm head” can save the United States up to $1 trillion in spending every year.Although my strong criticism may make it more difficult for him to perform his duties (rate cuts), I have tried all the gentle methods: I have been polite, neutral, and tough, but unfortunately all of them have failed!Don’t use the excuse of “there may be inflation risks in the future” – because there is no inflation at all now!Even if the future really appears, it will be too late to raise interest rates.I really don’t understand why the Fed Council doesn’t remove this outright idiot!Maybe I have to change my mind on whether Powell has been fired.But don’t worry, his term is coming to an end anyway!

• On June 18, Trump said that the United States had collected $88 billion from tariffs and had “no inflation” and called for a lower interest rate.”If the Fed cuts interest rates, we’ll buy U.S. bonds at a lower price. But frankly, we have a stupid guy in the Fed who probably won’t cut rates today. He’s doing a bad job. We should cut rates by 200 basis points, and it would be better if we could cut rates by 250 basis points. I’m going to take a short-term strategy first, lower interest rates sharply, and then turn to long-term strategies.”

• On June 13, Trump said he did not intend to fire Fed Chairman Powell, but called him a “fool” because he did not cut interest rates.Trump said in his speech that a 200 basis point rate cut could save the United States $600 billion a year.”We spend $600 billion a year, just because a ‘nothing’ sits here and says ‘I don’t see enough reason to cut rates now’.” Trump added that if inflation rises, he agrees to the Fed’s rate hike, “but now inflation is falling, I may have to take some measures.”

• On June 12, Trump pointed out: I will not fire Fed Chairman Powell, he just needs to lower interest rates, and our inflation data is performing well.I once told Powell that there is no need to keep interest rates at such a high level and raise interest rates if inflation occurs within a year.

• On June 6, Trump said that Federal Reserve Chairman Powell should cut interest rates.The interest rate should be adjusted by one percentage point. Europe has cut interest rates ten times in a row, and we have not taken any measures to cut interest rates. The Federal Reserve’s “Mr. Taichi” is a disaster.

• On June 4, Trump posted on social media that ADP data has been released and that “Mr. Too Chi” Federal Reserve Chairman Powell must now cut interest rates.He is incredible, Europe has cut interest rates nine times.

• On May 14, Trump posted on “Real Social” that there is no inflation, and the prices of gasoline, energy, groceries and almost all other commodities are falling!The Fed must lower interest rates as Europe and China do.”Mr. Taichi” Powell, why is hesitating?This is unfair to the United States, which is preparing to prosper.Let everything go with the flow, it will be a wonderful thing!

• On April 23, Trump said during an inauguration ceremony at the SEC Chairman Atkins that he had no intention of firing Fed Chairman Powell, although he was disappointed that the Fed did not cut interest rates faster.”Never,” Trump told reporters, “the media always messed up things. I don’t plan to fire him. I want to see him be more aggressive in the idea of ​​lowering interest rates.” Trump said, “Grocery prices have fallen, everything is falling. The only thing that hasn’t dropped but hasn’t risen much is interest rates.” Trump said, “We think the Fed should lower interest rates, and now is the perfect time. We hope our chairman can (cut interest rates) early or on time, rather than being late.” Trump also said that the stock market has risen well.

• On April 22, Trump said that the country’s economy could slow down if Fed Chairman Jerome Powell does not cut interest rates immediately.Trump posted on his social media platform on Monday asserted that the drop in energy and daily necessities prices determined that “there is almost no inflation.””But the economy may slow down unless the big waste ‘Mr. Taichi’ cut interest rates now,” Trump once again referred to Powell with a scorn.

• On April 18, US President Trump delivered a speech at the White House, reiterating that Federal Reserve Chairman Powell should lower interest rates.He also said that the United States is very likely to reach an agreement with Ukraine.In his speech at the Chicago Economic Club a few days ago, Federal Reserve Chairman Powell made it clear that he would not take emergency measures due to market fluctuations.Powell’s statement immediately attracted strong criticism from US President Trump.

• On April 17, Trump once again put pressure on Powell, saying that he could immediately let Powell leave and demanded that the Federal Reserve cut interest rates immediately.

• On April 4, Trump: Now is the best time for Fed Chairman Powell to cut interest rates.Federal Reserve Chairman Powell always acts too late.(Speak to Federal Reserve Chairman Powell) Cut interest rates and stop playing politics.

• On March 24, at the White House cabinet meeting, Trump once again urged the Federal Reserve to relax monetary policy.

• On March 19, Trump posted on “Real Social” that “the Fed would better cut interest rates” because the impact of US tariffs began to gradually penetrate into the economy.

• On February 12, Trump said he believed interest rates should be lowered and that the rate cut would complement the upcoming tariff policies.

• On January 24, Trump said at the World Economic Forum in Davos, Switzerland, “As oil prices fall, I will ask for an immediate rate cut, and likewise, the whole world should cut interest rates.”

According to Bitchain Vision statistics, Trump urged Powell at least 17 times.He also called him “Mr. Taichi” and “Idiot” many times to express his dissatisfaction with Powell.

2. Why is Trump anxious to cut interest rates?

• Offsetting the impact of tariff policies:The tariff policies implemented by Trump have led to an increase in the cost of imported goods and triggered imported inflation, and the US economy faces the risk of intensified inflation and slowing economic growth.He hopes to “offset” inflation brought by tariff policies through interest rate cuts and alleviate economic pressure.Fortune once reported that Trump hopes to lower interest rates to “offset” the inflation brought about by his own tariff policies.The Associated Press believes that Trump’s tariff policy has intensified the risk of a U.S. recession, and Trump seems to want to put the blame on Powell.

• Reduce government debt costs:U.S. Treasury Department data shows that federal debt interest expenditure is huge and growing.Federal debt interest expenditures have been approximately $776 billion in the past eight months.This is a 7% increase compared to the same period in the previous fiscal year, and the interest burden in the previous fiscal year has climbed to its highest level since the 1990s.Trump believes that the Fed’s interest rate cut can reduce the financing costs of government debt, such as he claims that a 2 percentage point cut can save $600 billion in interest costs per year.But economists warned that the move is likely to backfire.If interest rates are lowered without the need for interest rate cuts in economic fundamentals, inflation concerns may arise.A decrease in demand for U.S. Treasury bonds will then further push up bond yields, thereby increasing the government’s interest burden.

• Stimulate economic growth:Rate cuts can usually increase market liquidity, stimulate corporate investment and residents’ consumption, and drive economic growth.Trump may think that the current U.S. economic growth is under certain pressure and hopes to boost the economy by cutting interest rates to achieve his economic policy goals, such as promoting employment and improving corporate competitiveness, which will also help improve his support among voters.

• Promoting stock market performance:Trump regards the performance of the US stock market as an important political achievement.Rate cuts can increase market liquidity, thereby stimulating credit expansion and asset prices, and the stock market will show a positive picture in the short term, benefiting its voter support.

3. Why didn’t Powell cut interest rates?

On June 19, Federal Reserve Chairman Powell said that although the Fed “can see that the labor market may be slow and continuous cooling”, this cooling is not worth worrying given the current strong labor participation rate and good wage growth.”Although the uncertainty of the economic outlook has declined, it is still at a high level.” As long as you see the current labor market situation, coupled with more reasonable economic growth and gradual decline in inflation, Powell said he is willing to continue to wait for more information before deciding on the next move.

Data shows that although GDP shrank by 0.3% month-on-month in the first quarter of 2025, the labor market performed strongly: the unemployment rate stabilized at a low of 4.5%, and the hourly wage growth rate remained above 4%.Powell pointed out that “hard data” such as consumer spending and corporate investment still show that the economy is expanding at a rate of 1.5%-2%, which contrasts with the weakness of “soft indicators” such as manufacturing PMI.This structural contradiction leads the Fed to believe that the current economy has not yet fallen into recession and does not need to stimulate demand through interest rate cuts.

4. How do others view the Fed’s interest rate cut?

Support rate cuts:

• Vice President of the United StatesVance: The Federal Reserve’s refusal to cut interest rates is a monetary policy misconduct.

• FedGoulsbyIt said there was a lack of obvious inflationary pressure since Trump imposed tariffs on April 2, which could allow the Fed to cut interest rates again.

• Fed DirectorBowman“If inflationary pressures are under control, I will support lowering policy rates as soon as possible at the next meeting to bring them closer to neutral levels and maintain a healthy labor market,” said the report.

• U.S. Secretary of Commerce LoTenickIt said that the United States is the greatest country in the world, but it has to bear the highest interest rate among all first-class countries.Our Fed Chairman is obviously afraid of his own shadow.What’s really sad about Powell’s remarks is that he claims that the tariffs have caused “price increases in some related categories of products, such as personal computers.”You thought Powell should know that there are no tariffs on personal computers.None yet.The tariffs on semiconductors and computers will be announced after the Ministry of Commerce completes its analysis.These high interest rates make no sense.

• Director of the Federal Housing Finance AgencyPulte: Federal Reserve Chairman Powell must cut interest rates immediately.

Rate cuts are not supported:

• FedBarkinIt said that the data showed no urgent reason to cut interest rates, the job market and consumption remained firm, and the final direction of trade policy has not been determined yet, and it is not clear how it will affect prices and employment; companies are expected to raise prices later this year, as more high-priced imported goods have entered their inventory; companies not affected by tariffs see the chaos in trade policies as an opportunity to raise prices.

• Founder of Bridgewater FundRui Dalio:The Fed is in a difficult situation and should not cut interest rates.

5. Predicted time for the Federal Reserve’s interest rate cut

• Fed Hacker said the deficit must be under control at a time when the U.S. financial system faces growing challenges and is “very concerned” about the current government’s fiscal situation.”We are becoming increasingly blind in terms of key data. We are worried that the quality of economic data is declining. Uncertainty makes it very difficult to predict the outlook for monetary policy. But amid uncertainty,The Fed may still cut interest rates later this year.”

• Citi adjusts Fed rate cut expectations from July toSeptember.

• Jamie Cox, managing partner of Harris Financial Group, said the U.S. labor market remains strong but is gradually cooling down.In view of the significant correction of the previous value of this non-agricultural report, I expectThe Fed will restart its rate cut mode in July.The current salary level is still stable, but it is likely to change in the next few months.The biggest variable in the job market lies in the real estate market – the property market has shown early risk signals, and the cooling of the labor market will exacerbate this trend.

• Interest rate futures traders expect the Federal Reserve to be inRate cuts were cut twice in September and December.

• Franklin Templeton CEO: Fed is expectedRate cuts will only be once in 2025.

• EY economist Gregory Daco said the Fed is expected to keep the benchmark interest rate unchanged at 4.25%-4.50%.The Fed’s recent comments reinforce a wait-and-see attitude, with officials not showing urgency to adjust policies amid increasing uncertainty about the economic outlook.The policy statement may not change much.The FOMC may reiterate that inflation is still “a bit high”, labor market conditions are “stable” and unemployment is “stable at a lower level”.It may be reiterated that “the risk of rising unemployment and rising inflation has increased”, especially given the uncertainty of the economic outlook.The dot plot of the expected median interest rate is expected to remain unchanged.There will be two 25 basis points cuts by the end of the year.The dot matrix chart is expected to still show that a further rate cut of 50 basis points will be further cut to 3.4% in 2026 and a rate cut to 3.1% in 2027.Policymakers’ median estimates of long-term neutral interest rates may remain unchanged at 3%.