Trump Targets Fed Over Missed Rate Cut Opportunity

The fallout from the Federal Reserve’s latest decision to hold interest rates steady has reached the political arena, with U.S. President Donald Trump launching a fierce attack on Chair Jerome Powell.

Trump blamed Powell for missing an opportunity to lower borrowing costs and accused him of damaging the economy through inaction.

Taking to Truth Social, Trump slammed Powell’s leadership and claimed the Fed’s delay in easing policy could cost the U.S. billions. He argued that inflation had dropped enough to justify a substantial rate cut and pointed to the European Central Bank’s multiple reductions as a benchmark the Fed failed to meet. The president also accused the central bank of undermining U.S. debt management by keeping rates too high.

Powell, addressing reporters after the FOMC meeting, pushed back on the criticism, insisting that inflation—though improving—remains above target. He also cited the inflationary pressure of recent tariffs, suggesting the trade policies of the current administration are complicating the Fed’s path forward.

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Despite the escalating rhetoric, Trump said he has no plans to remove Powell, though he warned that delay in rate cuts could hinder the U.S. economy’s competitive edge.

Markets showed resilience, with Bitcoin holding above $104,000 and broader crypto assets mostly steady. The global digital asset market cap stood near $3.2 trillion, with minimal losses across major tokens.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.