Federal Reserve Chair Powell explains what’s wrong with Trump’s economy: “Job creation has dropped very sharply”
The head of the Federal Reserve has once again hit out against the president.
I get it. You read the headline “Federal Reserve Chair Powell explains what’s wrong with Trump’s economy” and, simply put, Jerome Powell could have said “everything” and there’d be no surprises.
The head of the Fed has had a public feud with Donald Trump ever since the latter returned to power and decided to act like the school bully who drops down a year after failing their exams and now has free rein over the younger kids.
And to be fair to Powell, he’s right to be annoyed. On Tuesday, Trump presided over the United Nations General Assembly, where he took to giving one of his most insane speeches yet. He criticised the UN outright, while also claiming that several wars had been stopped by his hand. He called climate change a hoax, and threatened the teleprompter worker who he assumed had caused the issue with the technology ahead of his speech.
Just 24 hours later, it was the turn of the yin to his yang, the calm to his storm: Jerome Powell.
BREAKING: In a stunning moment, Fed Chairman Jerome Powell just admitted that Donald Trump had managed to both increase inflation and slow job growth. Holy cow. pic.twitter.com/hs3agi1tEH
— Democratic Wins Media (@DemocraticWins) September 17, 2025
“If we ease too aggressively, we could leave the inflation job unfinished”
Powell spoke to the Greater Providence Chamber of Commerce, where he explained the situation today thanks to Trump’s careless policies: “In the labour market, there has been a marked slowing in both the supply of and demand for workers – an unusual and challenging development. In this less dynamic and somewhat softer labor market, the downside risks to employment have risen.”
He also refused to enter into the debate of cutting interest rates, the real sticking point between him and Trump, reminding everyone once again of the dangers of cutting too fast and risking a new surge of inflation. “If we ease too aggressively, we could leave the inflation job unfinished and need to reverse course later to fully restore two percent inflation. If we maintain restrictive policy too long, the labor market could soften unnecessarily,” he said.
Jerome Powell: “Core PCE prices rose 2.9%. Higher than the year ago level. Goods prices are driving the pickup inflation. Incoming data suggest that those price increases largely reflect higher tariffs.”
— Spencer Hakimian (@SpencerHakimian) September 23, 2025
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Unfortunately, Trump will not listen to the financial expert, and will likely continue his threats to sack the chair, despite Powell himself noting that it is ‘not permitted under the law.’
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