Jerome Powell LIVE: Trump Fumes After Fed Chair Warns on Inflation, Recession, US Market Update Live
April 17, 2025
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Now PlayingJerome Powell LIVE: Trump Fumes After Fed Chair Warns on Inflation, Recession, US Market Update Live
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Watch Federal Reserve Chair Jerome Powell’s live address at the Economic Club of Chicago, where he outlines the Fed’s outlook on inflation, interest rates, and recession risks. Powell emphasized that the recent tariffs introduced by President Trump are “significantly larger than anticipated” and could lead to higher inflation and slower economic growth. He stated that the Fed is “well positioned to wait for greater clarity” before making any changes to interest rates. In response, President Trump criticized Powell on social media, calling his speech a “complete mess” and asserting that Powell’s “termination cannot come fast enough.” This exchange highlights the ongoing tension between the Federal Reserve’s commitment to data-driven, independent monetary policy and the political pressures from the administration.
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