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Trump says Fed’s Powell should be put ‘out to pasture’

Bull Bear Daily August 1, 2025
2025-08-01T183652Z_1_LYNXMPEL702E4_RTROPTP_4_USA-FED-2

WASHINGTON (Reuters) -U.S. President Donald Trump said on Friday that Federal Reverse Chairman Jerome Powell should be “put out to pasture.”

He made the comments in a Truth Social post, where he ordered the firing of U.S. Bureau of Labor Statistics, Erika L. McEntarfer.

“The Economy is BOOMING under ‘TRUMP’ despite a Fed that also plays games, this time with Interest Rates, where they lowered them twice, and substantially, just before the Presidential Election, I assume in the hopes of getting ‘Kamala’ elected – How did that work out? Jerome ‘Too Late’ Powell should also be put ‘out to pasture,'” Trump wrote.

(Reporting by Jasper Ward)

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