Can Trump fire Jerome Powell, and is this good for
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? President Donald Trump is continuing his feud with Federal Reserve Chair Jerome Powell this week as he fired off new criticisms but left open the possibility that he might serve out his term, which runs through May 2026.
Speaking to reporters Tuesday, Trump zeroed in on Powell’s approach to interest rates.
“Too late. He’s forever behind the curve,” Trump said, his words laced with irritation. “Rate cuts should’ve happened already.”
Mr. Jerome, you must cut the rates tonight, or none of us will survive, is the sentiment. Asked if he’d move to directly fire Powell, Trump tossed out a pointed aside: “His clock’s ticking down fast.”
In other news, if U.S. rate cuts go into effect later this year, one new crypto presale is set to explode among others.
POTUS: ‘We Need Emergency Rate Cuts, Please, Mr. Jerome.’
President Trump has toyed with the notion of firing Powell, but this time it does seem like pressure is dialed up to level where the Fed Chair will be out in a few months. The Fed, built to stand apart from political whims, isn’t designed for such direct assaults from the Executive branch.
A move to unseat Powell could likely send financial systems into a tailspin before we see any benefit.
Here’s my challenge to Jerome Powell: open next week’s Federal Reserve meeting to the public. If you’re not being political—if you’re truly deciding based on facts and economic fundamentals—then let the American public see the deliberations. If you won’t, you’re hiding something. pic.twitter.com/w9wg0KTpw1
— James Fishback (@j_fishback) July 22, 2025
Powell, unmoved, has signaled he’s not going anywhere until his term ends in May 2026. The Fed has kept interest rates locked in place through 2025, wary of inflation tied partly to Trump’s tariff push.
After slashing rates in late 2024, policymakers have eased off, citing persistent price pressures. June’s CPI clocked in at 2.7%, a tick higher than analysts predicted.
Trump Vs. Powell: Who Will Win?
It’s not just President Trump gunning for Federal Reserve Chair Jerome Powell, but the whole administration’s piling on like it’s open mic night at the anti-Fed comedy club.
On Monday, Treasury Secretary Scott Bessent took the stage, calling for a deep dive into the Fed’s lack of rate cuts, accusing it of straying so far from its mission it might as well be running a lemonade stand.
“Here’s Powell’s big chance to carve out a legacy, to trim the Fed’s weird side hustles,” Bessent said on Fox Business.
The real question is who will Trump tap next? More than likely, we’re going to see a Fed chair ready to fuel the administration’s plan for breakneck growth, easy money, and a crypto-loving monetary policy.
Best Memecoin In Trump Era: TOKEN6900 Cracks $1M Raised
With Trump becoming the most pro-crypto world leader in history, meme coins are staging a full-blown comeback. After all, Trump has a memecoin himself. The sector’s market cap has jumped to $78.7 billion, up 42% in 30 days, and retail traders are flooding back in.
The big new play leading the pack is TOKEN6900, which has just crossed $1M in presale funding, drawing heat as traders chase the next 100X
Marketed as the first “Non-Corrupt Token,” TOKEN6900 skips every red flag by featuring no mint function, no private deals, and no dev wallets. In a space where trust is mostly myth, that’s a refreshing pitch.
The clock’s ticking on the current price at $0.006675, which won’t last long. And while central banks inflate away savings with euphemisms, TOKEN6900 goes full internet absurdist with transparent economics and zero apology.
TOKEN6900 isn’t pitching itself as the backbone of Web3 like Ethereum. It’s a viral meme like Pepe or Bonk, and both of those are top 50 coins. This one could be the next.
GET IN ON THE TOKEN6900 HYPE NOW
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Key Takeaways
- Speaking to reporters Tuesday, Trump zeroed in on Powell’s approach to interest rates. and wants him out
- The big new play leading the pack is TOKEN6900, which has just crossed $1M in presale funding, drawing heat as traders chase the next 100X.
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