On March 25th, COINOTAG News reported that following the recent Federal Reserve interest rate decision, U.S. President Trump has intensified his calls for the Fed to implement rate cuts. Concerns surrounding Trump’s trade strategies are amplifying, as he advocates for swift measures to alleviate economic pressure. In response, the Federal Reserve is preparing for potential price shocks resulting from Trump’s tariffs, which may defer any rate reductions despite signs of economic fragility.
So far, President Trump’s discontent with the Fed has remained relatively restrained. While he has expressed ongoing criticism since last Thursday’s decision to pause rate cuts, he has yet to issue any substantive ultimatums. Trump’s administration has taken significant steps to consolidate his influence over governmental institutions, raising questions about his intentions towards Fed Chairman Powell.
A source close to the White House hinted at the possibility of Trump attempting to dismiss Powell, stating that while it is unlikely Powell would resign, the situation remains tenuous. Inquiries regarding the government’s authority to terminate Federal Reserve officials, following the dismissal of two Federal Trade Commissioners, have not yielded any new statements from the White House.