President Trump is right to be furious with Jerome Powell—and frankly, so should every American who wants to see this country grow, thrive, and dominate the global economy again. Powell’s refusal to cut interest rates isn’t just stubborn, it’s economically reckless. Trump called him a “stubborn moron,” and while the language is blunt, the sentiment is spot on.
Let’s be clear: Powell is playing politics with monetary policy, and it’s Americans who are paying the price. At a time when the U.S. economy is strong, resilient, and poised for even greater expansion under President Trump’s pro-growth policies—especially his America First trade agenda—Powell is dragging his feet and clinging to outdated models that don’t reflect today’s economic realities.
The Federal Reserve has now held interest rates steady for the fifth straight meeting, keeping the benchmark rate at around 4.3%. That’s not just a mistake. It’s a deliberate act of economic sabotage that’s holding back job creation, investment, and consumer spending. Trump is doing his job—cutting red tape, bringing jobs back home, and rebalancing trade. Powell is failing to do his.
BREAKING – President Trump goes SCORCHED earth on Jerome Powell.
"Each point this point costs us $365 BILLION, It's all because of the Fed." pic.twitter.com/GPk6O8oAwP
— The Patriot Oasis™ (@ThePatriotOasis) July 30, 2025
Let’s not forget: monetary policy isn’t some holy priesthood immune from scrutiny. The Fed is supposed to serve the American people—not act as an unelected counterweight to the president’s agenda.
Powell claims he’s being cautious because of uncertainty over tariffs. That’s a smokescreen. He says it could take “months” to see how tariffs impact inflation. Well, how about this: We’ve already seen inflation cool significantly from its Biden-era highs. There is no runaway inflation. In fact, with stable prices and a strong dollar, the risk now isn’t inflation—it’s stagnation caused by excessively tight monetary policy.
The truth is, Powell and his technocrat friends are clinging to an outdated playbook. They think strong growth automatically means overheating. They think prosperity is something to be “managed” and slowed. That might have worked in some Ivy League classroom, but it doesn’t work in the real world.
And here’s the kicker: Powell’s hesitation is directly undermining the momentum of Trump’s second-term economic revival. Every day he delays rate cuts, small businesses pay more to borrow. Homebuyers face higher mortgage rates. Investors hold back. That’s not monetary “prudence.” That’s monetary sabotage.
Trump’s demand is simple and reasonable: not reckless rate slashing, but a course correction—a recognition that with inflation under control and growth strong, the Fed should stop acting like it’s still 2022. As the President wrote this week, “Jerome ‘Too Late’ Powell, a stubborn MORON, must substantially lower interest rates, NOW.” He’s not wrong. If Powell can’t or won’t act, the Federal Reserve Board must step in and do what’s necessary.
And let’s address the elephant in the room: the Fed is supposed to be independent, not unaccountable. Independence doesn’t mean they get to ignore the economic needs of the country or the voice of the elected president. If Powell is too arrogant or too ideological to respond to real-world conditions, then it’s time for the Board to assert leadership—or for Powell to step aside.
The Fed’s job is not to fight the President. It’s to ensure stable prices, maximum employment, and a healthy, functioning economy. Right now, Powell is failing on all counts.
President Trump is doing exactly what a leader should do: calling out incompetence at the highest level and demanding accountability. It’s time for the Fed to stop dragging its heels and start working with, not against, the economic resurgence that’s happening under Trump’s leadership.
America is rising again. The last thing we need is a central banker stuck in the past, standing in the way.