Trump claimed that it was former President Joe Biden who appointed Powell to be head of the Federal Reserve. However, Powell was initially appointed to the role by Trump during his first term in 2018 and was reappointed by Biden in 2022.

The president appeared to stop abruptly to yell "turn it off" to an individual off-screen. His face had visibly dropped into a grimace-

WASHINGTON (TNND) — President Donald Trump is once again putting public pressure on Federal Reserve Chair Jerome Powell, calling for interest rate cuts amid signs of a cooling labor market. But while rate cuts have been projected for months, the Fed hasn’t moved since December of 2024, and Powell doesn’t seem ready to cave just yet.

Key Points Trump’s tariffs on China in his first term produced low inflation, averaging under 2% Tariffs throughout history have not typically caused inflation to increase The Federal Reserve with great evidence has acted with political bias