Trump Slams Powell, Calls for Rate Cuts

Donald Trump criticizes Fed Chair Jerome Powell, saying interest rates are too high and hurting the economy.

Isolde Verne January 30, 2026 - 2:30 AM

News

Trump urges Fed to cut interest rates
Calls Jerome Powell “Too Late” for delaying action
Says current policy is overly restrictive

Trump Takes Aim at Fed Policy

Former U.S. President Donald Trump has reignited his criticism of Federal Reserve Chair Jerome Powell, this time calling him “Too Late Powell” and demanding immediate interest rate cuts. Trump argues that the current monetary policy is overly restrictive and is putting unnecessary pressure on the U.S. economy.

The comment adds fuel to the ongoing political debate over the Fed’s role in shaping economic momentum—especially as the U.S. heads into another election year.

The Timing Debate: Too Tight for Too Long?

According to Trump, Powell and the Fed are dragging their feet in responding to changing economic conditions. While inflation has cooled from its 2022 peak, the Fed has kept rates high to ensure inflation stays under control. Trump, however, believes that the delay in cutting rates is hurting growth, consumer spending, and business confidence.

“Powell is too late—again,” Trump said, echoing similar critiques he made during his presidency. His remarks may also be aimed at influencing public opinion as markets await signals from the Fed’s next policy meeting.

🇺🇸 JUST IN: President Trump says, "Jerome “Too Late” Powell should lower rates", arguing current policy is unnecessarily restrictive. pic.twitter.com/2rAWWoUPeV
— Cointelegraph (@Cointelegraph) January 29, 2026

Implications for Markets and Crypto

Calls for rate cuts often stir investor expectations across both traditional and crypto markets. Lower interest rates typically weaken the dollar and encourage more risk-on investing, which benefits stocks and digital assets alike.

If the Fed were to ease rates sooner, it could trigger a bullish sentiment in the crypto space—especially among Bitcoin and altcoin holders who closely track macroeconomic trends.

Whether Powell responds to Trump’s pressure remains uncertain, but the statement has already injected fresh volatility into public and market discourse.

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