Trump needs to end his war with Jerome Powell now — one way or another

New York Post - Apr 21st, 2025
Open on New York Post

President Donald Trump is escalating his public feud with Federal Reserve Chair Jerome Powell, criticizing him for not lowering interest rates. Trump's attacks, including calling Powell a "major loser," have contributed to market instability, with the Dow dropping nearly 1,000 points. The president's dissatisfaction stems from Powell's recent remarks at the Economic Club of Chicago, where he indicated that tariffs could raise prices and confirmed no plans to cut rates. Trump's threats to terminate Powell before his term ends in 2026 have stirred anxiety among investors already grappling with trade war uncertainties.

This ongoing conflict between Trump and Powell holds significant implications for the U.S. economy and financial markets. Trump's desire for lower interest rates aligns with his strategy to boost economic growth and stabilize the volatile stock market, which has been affected by his tariff announcements. However, the uncertainty surrounding Powell's potential removal and the future of Federal Reserve policy is causing turmoil. Ending this tension is crucial to prevent further damage to Americans' retirement funds and to mitigate Wall Street's unease. The Supreme Court may need to define what constitutes "cause" for firing Powell, but in the meantime, Trump's public criticism only exacerbates market fears.

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RATING

6.8
Fair Story
Consider it well-founded

The article provides a timely and engaging account of the conflict between President Trump and Federal Reserve Chair Jerome Powell, focusing on the potential economic implications of their disagreements. It accurately reports on key events and statements, though it could improve balance by including more diverse perspectives and expert analysis. The lack of explicit source attribution and transparency slightly undermines its credibility, but the clear language and logical structure enhance readability. Overall, the article effectively highlights the public interest aspects of the story, though its potential to drive deeper discussions or policy changes may be limited by its narrower focus.

RATING DETAILS

8
Accuracy

The story accurately reports on the ongoing conflict between President Trump and Federal Reserve Chair Jerome Powell, with most factual claims corroborated by external sources. Trump's public criticism of Powell, the impact on the Dow Jones, and Powell's comments on tariffs and interest rates are all verified. However, the article could improve by providing more precise details on some claims, such as the exact nature of Kevin Hassett's comments. Overall, the article presents a truthful account of the situation, though some minor details require further verification.

6
Balance

The article primarily presents the perspective of President Trump's dissatisfaction with Jerome Powell, focusing on the potential economic consequences of their conflict. It lacks a balanced representation of Powell's viewpoint or the broader economic context that might justify the Fed's interest rate decisions. While the article highlights the market impact of the President's actions, it could benefit from including more diverse perspectives, such as economic experts' opinions or Powell's rationale for maintaining interest rates.

8
Clarity

The article is clearly written, with a logical flow and concise language that makes the complex issue of economic policy and political conflict accessible to readers. The tone is assertive, reflecting the urgency of the situation, which helps engage the audience. However, the article could benefit from more detailed explanations of economic terms and implications to improve comprehension for readers unfamiliar with the subject matter.

7
Source quality

The article does not explicitly cite its sources, which makes it difficult to assess the credibility of the information presented. However, the content aligns with widely reported events and statements from public figures, suggesting that the information is derived from reliable sources. The lack of direct attribution, though, slightly undermines the perceived reliability of the reporting, as readers are left to infer the source quality based on the story's consistency with other news outlets.

5
Transparency

The article lacks transparency regarding its sources and the methodology behind its claims. It does not disclose how the information was obtained or if there were any potential conflicts of interest. The article's basis for claims is implied rather than explicitly stated, which could affect readers' ability to fully trust the impartiality of the reporting. Greater transparency about sources and the reasoning behind the article's conclusions would enhance its credibility.

Sources

  1. https://abcnews.go.com/Business/stocks-slide-trump-escalates-criticism-fed-chair-powell/story?id=121015931
  2. https://breakingthenewsbarrier.com
  3. https://gopillinois.com
  4. https://www.henrymakow.com
  5. https://capitol-riot.com