Key Facts
• On June 30, 2025, Trump intensified criticism of Federal Reserve Chair Jerome Powell.
• Trump demanded lower interest rates, advocating for ultra-low levels.
• He posted on social media, accusing the Federal Reserve of harming the U.S. economy.
• Trump shared a global interest rate comparison, claiming U.S. rates are the highest.
• He annotated the chart, blaming Powell for “massive losses” to the U.S.
• White House spokesperson Levitt confirmed Trump sent the chart to the Federal Reserve.
• Trump has repeatedly called Powell “fool” and “incompetent” in recent months.
• The Federal Reserve has not lowered rates, unlike the European Central Bank.
• Powell has avoided responding to Trump’s criticism, focusing on inflation and labor market stability.
• Powell stated in a Senate hearing that political factors do not influence policy decisions.
Summary
Former President Donald Trump escalated his campaign against Federal Reserve Chair Jerome Powell on June 30, 2025, demanding significant interest rate cuts. Trump criticized the Federal Reserve on social media, accusing it of allowing economic harm and shared a handwritten annotation on a global interest rate chart, blaming Powell for U.S. financial losses. White House spokesperson Levitt confirmed Trump sent the chart to the Federal Reserve. Despite Trump’s repeated personal attacks, Powell has refrained from engaging, emphasizing the Federal Reserve’s focus on inflation control and labor market health. Unlike other central banks, such as the European Central Bank, the Federal Reserve has not reduced rates, citing the need to assess the economic impact of Trump-era policies. Powell reiterated in a Senate hearing that political considerations do not influence monetary policy decisions.
