{"id":2455533,"date":"2025-07-04T05:10:02","date_gmt":"2025-07-04T09:10:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-chairman-jerome-powell-cant-give-trump-what-he-wants-washington-examiner\/"},"modified":"2025-07-04T05:12:33","modified_gmt":"2025-07-04T09:12:33","slug":"fed-chairman-jerome-powell-cant-give-trump-what-he-wants-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-chairman-jerome-powell-cant-give-trump-what-he-wants-washington-examiner\/","title":{"rendered":"Fed Chairman Jerome Powell can\u2019t give Trump what he wants &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffed-chairman-jerome-powell-cant-give-trump-what-he-wants-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2455533&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The article discusses the ongoing tensions between President Donald Trump and Federal Reserve Chairman Jerome Powell regarding monetary policy. After a brief period of reduced friction, Trump has once again exerted pressure on the Fed, calling for a sharp reduction in interest rates, specifically suggesting they should be lowered to 1% or better. He criticized Powell and the Fed for what he perceives as ineffective management of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/despite-skyrocketing-inflation-janet-yellen-will-keep-pushing-for-biden-spending-agenda\/\" title=\"Despite Skyrocketing Inflation, Janet Yellen Will Keep Pushing For Biden Spending Agenda\">federal funds rate<\/a>, which impacts broader financial markets. Trump claims that proper handling of interest rates could save the country trillions in interest costs.<\/p>\n<p>The article emphasizes the importance of the Fed&#8217;s independence from political pressures, arguing that Trump&#8217;s demands violate the established principle that the Federal Reserve operates without interference from the white House or Congress. It highlights that while Trump raises legitimate points about interest rates, his approach conflates different financial metrics, which complicates the economic picture.<\/p>\n<p>Further, Powell has indicated that the Fed would be in a different position regarding interest rates if not for the uncertainties created by Trump&#8217;s tariff policies. The article concludes that the bond market will ultimately dictate interest costs, and the only way to reduce the national debt&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-inflation-is-only-the-beginning-the-real-problem-is-far-far-worse\/\" title=\"Biden\u2019s Inflation Is Only The Beginning. The Real Problem Is Far, Far Worse.\">net interest cost<\/a> is to cease expanding it significantly, regardless of political pressures.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Fed Chairman Jerome Powell can&rsquo;t give Trump what he wants<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tpd-featured-video\">\n<div id=\"Brid_26092\" class=\"brid\" style=\"width:1280;height:720;\"> <\/div>\n<\/div>\n<p>Just two months after <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title=\"\">President Donald Trump<\/a> began a brief detente with <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/jerome-powell\/?gad_source=1&amp;gad_campaignid=22705961921&amp;gbraid=0AAAAAD8dCuzLK7kUdcdz_MZzODwEMOBqF&amp;gclid=Cj0KCQjwjo7DBhCrARIsACWauSkTeC2hYxh39qKzdq0ixKw7LPV8E7ZVtS3OCjdyD9uS6AYGzpD3FMIaAt_AEALw_wcB\" target=\"_blank\" rel=\"noopener\" title=\"\">Federal Reserve Chairman Jerome Powell<\/a>, he&rsquo;s ramping up his old pressure campaign. Although Trump has stopped short of reiterating his prior, but since-retracted threat to fire Powell, the president has teased announcing his nominee to replace him long before the beleaguered central bank head&rsquo;s term expires in 11 months.<\/p>\n<p>Then, in a Truth Social post, Trump called for a major reduction in the target <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/interest-rates\/\" target=\"_blank\" rel=\"noopener\" title=\"\">interest rate<\/a> set by the Fed&nbsp;at which commercial banks borrow and lend their extra reserves to one another overnight. The federal funds rate is an important benchmark in financial markets, influencing a wide range of market interest rates.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/3462481\/teamsters-ups-buyout-offer-drivers-layoffs\/\">Teamsters bash UPS over buyout offers for drivers<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/3458999\/trump-victory-fragrances-perfume-cologne-45-47\/\">Trump unveils &#8216;Victory&#8217; brand of fragrances for men and women: &#8216;Have fun, and keep winning!&#8217;<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/business\/3458580\/fortnite-ftc-claim-players-126-million-deceptive-purchases\/\">&#8216;Fortnite&#8217; players could be due $126 million over deceptive purchases. Here&#8217;s how to make your claim<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>Trump wrote that the federal funds rate, which is slightly below the historic average at the 4.25% to 4.5% range, should be slashed to &ldquo;1% or better.&rdquo; Trump blasted &ldquo;Too Late&rdquo; Powell, and the rest of the central bank.<\/p>\n<p>&ldquo;If they were doing their job properly, our Country would be saving Trillions of Dollars in Interest Cost,&rdquo; Trump wrote. &ldquo;The Board just sits there and watches, so they are equally to blame.&rdquo;<\/p>\n<p>Trump raises some valid concerns about the proper federal funds rate level. It&rsquo;s a disagreement economists have debated for years.<\/p>\n<p>But it&rsquo;s wildly inappropriate for the president to pressure the Federal Reserve Board of Governors members about policy changes he wants to see. After all, independence means that the Fed&nbsp;can maneuver without interference from Congress or the White House, even if politicians aren&rsquo;t happy with&nbsp;the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/average-rate-on-a-30-year-mortgage-ticks-up-to-6-49\/\" title=\"Average ... on a 30-year Mortgage Ticks Up to 6.49%\">central bank&#038;rsquo<\/a>;s policy choices.<\/p>\n<p>Then there&rsquo;s the merits of Trump&rsquo;s argument, or lack thereof. He seemed to incorrectly conflate the <a href=\"https:\/\/amzn.to\/3YuVZYV\" >benchmark short-term interest rate set<\/a> by the Fed with the interest rate investors demand to hold U.S. and other debt. That latter rate can be influenced by Fed policy but is also connected to views about the U.S. economy, inflation, geopolitics, and institutional stability.<\/p>\n<p>Powell, on July 1, responded obliquely to Trump&rsquo;s criticism. The Federal Reserve, Powell said at the European Central Bank&rsquo;s annual forum in Sintra, Portugal, would have <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breitbart-business-daily-the-rumble-and-the-ruble-how-the-wests-sanctions-on-russia-strengthen-the-ruble-and-threaten-globalization\/\" title=\"Breitbart Business Daily: The Rumble and the Ruble\u2014How the West\u2019s Sanctions on Russia Strengthen the Ruble and Threaten Globalization\">cut interest rates<\/a> by now if Trump&rsquo;s tariffs weren&rsquo;t so substantial.<\/p>\n<p id=\"anchor-1ad119\">Trump&rsquo;s ever-changing tariff agenda has caused months of deep uncertainty for global markets and businesses. Many have struggled to make predictions&nbsp;and plan for duties that have shifted, sometimes with no warning other than social media posts by the president.<\/p>\n<p>Trump can whip Congress, NATO, the Middle East, and global trade delegations the world over into doing his bidding, but the buck stops with the bond market, which has seen higher-than-usual yields, a sign of investor uncertainty, due to the administration&rsquo;s <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/tariffs\/\" target=\"_blank\" rel=\"noopener\" title=\"\">tariff regime<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/opinion\/beltway-confidential\/3453523\/eric-adams-nyc-mayor-race-zohran-mamdani-andrew-coumo-communism\/\" target=\"_blank\" rel=\"noopener\" title=\"\">IF YOU ARE NOT A COMMUNIST, IT&rsquo;S TIME TO RALLY AROUND ERIC ADAMS <\/a><\/strong><\/p>\n<p>When Trump explains that he would prefer the Fed to ignore the upside risk of <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/inflation\/\" target=\"_blank\" rel=\"noopener\" title=\"\">inflation<\/a> for the sake of the White House&rsquo;s agenda, the bond market sees that as a sign that higher future inflation is far more likely. It&rsquo;s why the bottom fell out of the bond market and bond yields spiked, a sign that investors lack confidence in the economy, when Council of Economic Advisers Chairman Stephen Miran idiotically claimed the U.S. dollar&rsquo;s status as the world&rsquo;s reserve currency was a &ldquo;burden&rdquo; &mdash; in defiance of the president&rsquo;s consistent support for the dollar&rsquo;s dominance. It&rsquo;s why bond yields spiked again when Trump threatened to fire Powell.<\/p>\n<p>The only way to lower the net interest cost of our national debt is to stop adding trillions of dollars to it every year. Even against the otherwise almighty Trump, the bond market still reigns supreme.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_26092\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"playlist\":\"26092\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fed Chair Powell can&#8217;t meet Trump&#8217;s demands as pressure mounts<\/p>\n","protected":false},"author":2693,"featured_media":2455534,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/07\/Biz.Tiana_.070925.webp","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[13123,32663,34342,38541,3634],"class_list":["post-2455533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-economics","tag-federal-reserve","tag-jerome-powell","tag-monetary-policy","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/07\/Biz.Tiana_.070925.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2455533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2693"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2455533"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2455533\/revisions"}],"predecessor-version":[{"id":2455537,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2455533\/revisions\/2455537"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2455534"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2455533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2455533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2455533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}