Trump ramps up attacks on Powell, demands 'loser' Fed chair lower rates 'NOW'

[BumRushDaShow]

Source: CNBC

Published Mon, Apr 21 2025 9:46 AM EDT


President Donald Trump on Monday ratcheted up his pressure campaign on Federal Reserve Chairman Jerome Powell, calling him a “major loser” and warning that the U.S. economy could slow down unless interest rates are lowered immediately. ″‘Preemptive Cuts’ in Interest Rates are being called for by many,” Trump wrote on Truth Social.

Trump claimed that there is currently “virtually No Inflation” in the U.S., and that costs for energy and “most other ‘things’” are on the decline. “With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump wrote.

Trump’s latest salvo against Powell — whom he appointed during his first administration — came as the president and his team are studying whether they can legally fire the central bank leader before his term expires in May 2026. Powell has flatly stated that the president cannot remove him under the law.

Any attempt by Trump to fire Powell would likely trigger a steep sell off in U.S. equity markets, Evercore ISI Vice President Krishna Guha told CNBC on Monday.

Read more: https://www.cnbc.com/2025/04/21/trump-powell-attacks-interest-rates-fed.html

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He did those threats during the first term, triggering a pause in rate hikes but COVID was what eventually triggered the big rate cuts as businesses completely shut down.

[gab13by13]

1. If Krasnov tries to fire Powell

the results for the market will be devastating.

Any truth to the rumor that Krasnov wants to replace Powell with Laura Loomer?

[mobeau69]

6. The world markets will crash. Impeach him now.

Grow some gop.

[JohnSJ]

14. He won't fire Powell. He wants to use Powell as a scape goat for trump's insane trade

policies.

Remember, trump, a sociopath, NEVER admits he was or is wrong.

[gab13by13]

15. I agree, but it's not going to work this time,

Powell won't sit back and take his shit.

[IA8IT]

2. Doing a fine fucking job lowering retirements shit-for-brains

[Aviation Pro]

3. How about fuck you, Krasnov?

Will you take a fuck you, you panicked Quisling?

[mathematic]

4. He's looking for his next Fauci

I don't think he's even particularly interested in firing Powell, who's term ends in about 12 months. He wants a scapegoat. He needs a scapegoat.

[PortTack]

10. You nailed it!

[dalton99a]

13. +1

[progree]

5. Trump on egg costs: 'If anything, the prices are getting too low', 'down 87%' The Hill, 4/18/25

From The Hill, 4/18/25

https://www.msn.com/en-us/news/politics/trump-on-egg-costs-if-anything-the-prices-are-getting-too-low/ar-AA1DcG71

President Trump weighed in on the cost of eggs around the country, claiming Friday at the White House that the prices are “getting too low.”

Trump praised Agriculture Secretary Brooke Rollins for doing a “great” job and then asserted that egg prices are “down 87 percent, but nobody talks about that.”

"I’ll never forget the first … day, first week in office, they were screaming at me about eggs. I said, ‘What’s going with eggs?’ They were doubling and tripling. I said, ‘I just got here.’ They were up like double, triple, and you couldn’t get any,” Trump said Friday.
“They said you won’t have eggs for Easter,” the president added. “Well, you can have all the eggs you want.”

. . . Prices of eggs went up to $6.23 per dozen in March, the U.S. Bureau of Labor Statistics reported. It was $5.90 in February, nearly a dollar more compared to January’s $4.95 per dozen. ((putting it in chronolgical order: $4.95 -> $5.90 -> $6.23 --Progree))

Last 2 times I bought eggs -- per dozen:
1/30 $7.00
4/04 $8.30

Anyway, this is the bizarro make-believe world that tRump lives in.

Here's his Monday morning (4/21) tweet in full:

"With Energy Costs way down, food prices (including Biden's egg disaster!) substantially lower, and most other "things" trending down, there is virtually No Inflation. With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW. Europe has already "lowered" seven times. Powell has always been "To Late", [sic] except when it came to the Election period when he lowered in order to help Sleepy Joe Biden, later Kamala, get elected. How did that work out" -- April 21, 9:41 AM.

https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-sink-with-trumps-tariffs-powell-bashing-in-focus-133040210.html

======================================================
Here's food prices for the last 7 months: monthly increases (the last one is March over February):
0.3% 0.2% 0.3% 0.3% 0.4% 0.2% 0.4%
https://www.bls.gov/news.release/cpi.nr0.htm

Food: https://data.bls.gov/timeseries/CUSR0000SAF1
The last 2 months average annualized, calculated using the actual index numbers is 3.66%

Food at home: https://data.bls.gov/timeseries/CUSR0000SAF11
Food away from home: https://fred.stlouisfed.org/series/CUUR0000SEFV

[progree]

7. Dow down more than 1000 points. Percentage wise: Dow down 2.8%, S&P 500 down 3.0%, 1157 AM ET

https://finance.yahoo.com/

NASDAQ down 3.3%

[BumRushDaShow]

12. By my calcs

Dow would hit "bear" (20% off the high) at 36,011.2 (which would be -9008.2 off the high). It's still a couple thousand from that point though...

[progree]

16. Yes, I agree:

Based on closing prices:
https://finance.yahoo.com/quote/%5EDJI/history/

DOW All Time High: 12/4/24: 45,014

Correction level beginning 10% down: 40,513,

Bear market level: beginning 20% down: 36,011

Current level: 38,121 12:34 PM ET https://finance.yahoo.com/

[Prairie Gates]

8. Holy shit Donald, shut the fuck up already

It was always tedious and infantile, but now his stupid little tantrums are costing us all shitloads of money.

SHUT. THE. FUCK. UP.

[PortTack]

9. Hey donnie...SHUT UP about firing Powell. He isn't leaving and you have no power to fire him

[Blues Heron]

11. Trump is living in his own private Idaho

[Miguelito Loveless]

17. So, he is preemptively blaming Powell

for the crash he has set in motion.

[LudwigPastorius]

18. Damn...

I wonder if converting my IRA into gold coins and burying them in the back yard would prevent me from having to eat Alpo when I retire.

[twodogsbarking]

19. Trump doesn't understand economics, along with most other things.

[twodogsbarking]

20. Following up on stupid Donny

Interest rates tend follow inflation rates. Many central banks target a 2% inflation rate target. If inflation rises, the central bank increases interest rates to slow down price growth. Central banks may reduce interest rates to boost economic activity when inflation decreases or during recessions

[Marthe48]

21. Cutting interest won't help

felon is hell bent on rolling back, erasing and destroying any progress, stability and profit President Biden and his administration nurtured. felon is so hell bent on his twisted revenge that I'm pretty sure dropping interest is just another way to accelerate the crash he wants.

[wolfie001]

22. I really hope this is affecting the way that fat pig sleeps

6'3", 225lbs.