‘Termination cannot come fast enough!’ Furious Trump UNLOADS on ‘Too Late’ Fed Chief in early morning shredding

President Donald Trump unleashed a scathing rebuke of Jerome Powell and looked forward to the “termination” of the Federal Reserve chairman.

Trump let Powell have it in response to the Fed chair’s speech at the Economic Club of Chicago on Wednesday, where he criticized the president’s tariffs and vowed to never be “influenced by any political pressure.”

“The ECB is expected to cut interest rates for the 7th time, and yet, ‘Too Late’ Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete ‘mess!’” Trump wrote on Truth Social early Thursday morning.

“Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now,” the president continued.

“Powell’s termination cannot come fast enough!” he concluded.

After his criticism of Trump’s policies, Powell was met with applause for his comments about defying any political intimidation.

“We’re never going to be influenced by any political pressure. People can say whatever they want. That’s fine. That’s not a problem. But we will do what we do. Strictly without consideration of political or any other extraneous factors,” he said.

The event moderator, Prof. Raghuram Rajan, asked Powell about Fed independence.

“You’ve reiterated that you intend to stay in office until the end of your term. And that certainly reassured many in financial markets. What are the levers the government or the legislature have to pressure the Fed? And should one worry about threats to the Fed’s independence once you’re gone?” Rajan asked.

(Video Credit: The Wall Street Journal)

“So our independence is a matter of law. Congress has, in our statute, we’re not removable except for cause. We serve very long terms, seemingly endless terms. So it’s protected in the law. So you know, Congress could change that law, but I don’t think there’s any danger of that,” Powell replied.

“Fed independence has pretty broad support across both political parties and on both sides of the Hill. So I think that’s not a problem,” he added.

Social media users were not as enthused as Powell’s fawning audience.

Jerome Powell’s irresponsible speculation about inflation and growth, which sent the market tumbling, requires a full-throated, clear refutation by the Trump Team. Get Scott Bessent out there.

— Laura Ingraham (@IngrahamAngle) April 16, 2025

Jerome Powell made it perfectly clear today that he’s a politician who did everything he could to cover for Joe Biden is now doing everything he can to hurt Donald Trump.

— Pro America Politics (@Pro__Trading) April 16, 2025

Why is the human money printer still around? Jerome Powell refuses to lower interest rates like he did to bail out Biden. Can Powell be fired?
pic.twitter.com/FLc5MTpMHn

— Colette Harrington (@sweetcarolinatv) April 16, 2025

Senior Staff Writer
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Originally from New York, Powers graduated from New York University and eventually made her way to sunny South Florida where she has been writing for the BizPacReview team since 2015.

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