Skip to player
Skip to main content
Skip to footer
Search
Connect
Watch fullscreen
Like
Comments
Bookmark
Share
Add to Playlist
Report
Trump hints at firing Federal Reserve chair Powell after tariff comments, AP Explains
WCCO-AM / 830 WCCO
Follow
4/17/2025
President Donald Trump slammed Federal Reserve Chair Jerome Powell on Thursday, reiterating his frustration that the Fed has not aggressively cut interest rates and saying that the central bank leader's "termination cannot come fast enough.”
Category
🗞
News
Transcript
Display full video transcript
00:00
President Donald Trump is lashing out at Federal Reserve Chair Jerome Powell.
00:23
He says he's frustrated that the Fed has not aggressively cut interest rates, and he says
00:27
the central bank leader's termination cannot come fast enough.
00:31
Now the source of Trump's anger is a statement from Powell that signaled that the Fed will
00:36
keep its interest rate unchanged while it seeks greater clarity on the impact of policy
00:41
changes in areas such as immigration, taxation and tariffs.
00:53
Powell also reiterated that Trump's tariffs would likely raise inflation and slow the
00:57
economy.
00:58
That of course could make it harder for the Fed to cut rates anytime soon.
01:02
The level of tariff increases announced so far is significantly larger than anticipated
01:07
and the same is likely to be true of the economic effects, which will include higher inflation
01:13
and slower growth.
01:15
Powell was initially nominated by Trump in 2017.
01:18
He was nominated to another four year term by President Joe Biden in 2022, and his current
01:23
term ends in May of 2026.
01:26
In November, Powell indicated he would not step down if Trump asked him to resign.
01:30
He's also said that the removal or demotion of top Fed officials was not permitted under
01:35
the law.
01:36
Now it's worth noting that Trump's comments come against the backdrop of a legal case in
01:40
the Supreme Court that could determine whether presidents can fire the heads of independent
01:45
agencies such as the Fed.
01:52
Today, we decided to leave our policy interest rate unchanged and to continue to reduce our
01:58
securities holdings.
01:59
Good afternoon.
02:03
Before discussing today's meeting, let me comment briefly on recent developments in the banking
02:15
comments here of the principles I am going to focus on.
02:16
So, let me go to the website.
02:17
Please check it out.
02:18
Please check it out.
02:19
We are going to leave our policy interest rate at the bottom of the position.
02:22
The day of the problem is, let me go to the stage of the link, let me go to the
02:23
top of the line.
02:24
The mind of the attack has been really a bit and a bit and a bit of a bit.
02:27
So, let me go to the next step and look to each other.
02:28
This is a full view of the Señor of the United States.
02:29
This is a full view of the KalilCCia Tunes who have a great choice for the
02:30
athlete.
02:30
So, let me go to the next step and look to the next step.
02:32
It is the second view of the National Anthem.
02:33
It has been a very difficult time to write into the B.
Recommended
2:48
|
Up next
President Trump Says Fed Chair Powell’s Termination ‘Cannot Come Fast Enough’
Forbes Breaking News
4/17/2025
0:36
Fed Chair Powell Blames Tariffs for No Rate Cuts
Cheddar News
5 days ago
2:31
Powell says Federal Reserve can wait on any interest rate moves
WCCO-AM / 830 WCCO
4/16/2025
0:36
Fed's Powell Warns: If Trump’s Tariffs Are Sustained, Inflation And Unemployment Will Likely Rise
Forbes Breaking News
5/8/2025
0:36
Trump Says Fed Is ‘Too Late,’ Criticizes Powell Over Interest Rates, Questions Fed Independence Again
Benzinga
4/21/2025
49:35
President Trump’s Tariffs ‘Highly Likely’ To Boost Inflation, Says Fed Chair Powell | FULL REMARKS
Forbes Breaking News
4/16/2025
0:50
Trump Unhappy with Latest Fed Decision
Cheddar News
1/30/2025
0:29
Fed Chair Jerome Powell: The Federal Reserve Would Have Cut Rates If Not For Tariffs Chair Jerome Powell_ The Federal Reserve Would Have Cut Rates If Not For Tariffs
Forbes Breaking News
6 days ago
0:30
U.S. Federal Reserve Chief Won't Step Down if Trump Tries To Fire Him
TaiwanPlus News
11/8/2024
0:38
Fed Chair Jerome Powell Says He Won’t Resign, Says It's 'Not Permitted Under The Law' For Trump To Fire Him As President
Benzinga
11/8/2024
0:28
Trump Calls for Fed Rate Cuts Defying Powell's Moves
Cheddar News
6/20/2025
0:51
Trump Tells Powell He's 'Making A Mistake' By Not Cutting Rates, Fed Reaffirms Independence
Benzinga
5/30/2025
0:35
Trump Slams Powell as 'Destructive' After Fed Holds Rates Steady, Claims U.S. Losing Billions Due to Inaction
Benzinga
6/20/2025
48:03
Jerome Powell Holds Press Briefing After Announcing Rates To Remain Steady—Despite Trump Ire
Forbes Breaking News
5/7/2025
1:05
Federal Reserve Chief Says Trump Tariffs Likely to Raise Inflation and Slow U.S. Economic Growth
TIME
4/4/2025
0:58
Fed Chair Powell: ‘Despite Heightened Uncertainty, The Economy Is Still In A Solid Position’
Forbes Breaking News
5/8/2025
2:14
Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment
WCCO-AM / 830 WCCO
5/7/2025
0:33
Trump Says He Has Narrowed Down Fed Pick Between ‘Two Or Three People’ Amidst Tensions With Powell
Forbes Breaking News
5 days ago
0:44
Trump Hints at Politicizing Federal Reserve Decisions and Infringing on Central Bank's Independence If Elected
Benzinga
8/9/2024
0:35
Fed Chair Jerome Powell Says Fed Won’t Rush to Cut Interest Rates
Benzinga
2/12/2025
0:51
Fed Chair Powell Says Fed Would Have Cut Rates in 2025 If Not for Trump’s Tariff Policy
Benzinga
5 days ago
2:21
Federal Reserve Chair Says Trump Tariffs Are "Highly Likely" to Raise Inflation
TIME
4/16/2025
0:43
Trump Says He Has “No Intention” Of Firing Powell, Calming Market Fears, Blames Media For Stir
Benzinga
4/27/2025
0:38
Trump Says Powell's Exit 'Can't Come Fast Enough,' Fueling Speculation Over Firing
Benzinga
4/21/2025
0:39
Trump’s Election Won't Shift Fed's Near-Term Path, Says Fed Chair Jerome Powell
Benzinga
11/8/2024