President Donald Trump criticized Federal Reserve Chair Jerome Powell and the U.S. central bank, accusing them of mishandling inflation and bank regulation. Trump posted on Truth Social after the Fed maintained a key interest rate. Trump appointed Powell in 2018 and reiterated his opposition to Powell’s reappointment in 2026. He vowed to slash regulations and revitalize American manufacturing. The president accused the Fed of prioritizing progressive issues like climate change and diversity, equity, and inclusion, which the new administration is trying to eliminate.
