“You’re Fired!” – Trump Posts Cartoon of Fed Governor Jerome Powell, Sparks Fresh Economic Concerns

US President Donald Trump has hinted at dismissing Federal Reserve Chairman Jerome Powell after his latest interest rate cut. Trump shared a cartoon on social media that points toward this decision. His disagreements with Powell have been ongoing for a long time.

Trump’s Cartoon Raises Speculation Over Powell’s Future

US President Donald Trump created a storm by posting a cartoon on social media that strongly indicated his intention to dismiss Federal Reserve Chairman Jerome Powell. In the image, Trump is seen saying, “You are Fired!” This post surfaced soon after Powell announced a reduction in interest rates. Trump and Powell have repeatedly clashed over monetary policy despite Trump himself appointing him to the post. On several occasions, Trump has openly threatened to remove him.

Worries About the US Economy

The President also criticized Federal Reserve Governor Lisa Cook, which has further fueled public anxiety about America’s economic direction. Citizens fear instability as Trump’s criticism of key Fed officials intensifies. In two earlier posts shared within minutes of each other, Trump claimed he had succeeded in lowering home loan rates, attempting to reassure the public.

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Fed’s Recent Rate Cut Sparks Debate

At the start of this month, the Federal Reserve cut its key interest rate by a quarter point and suggested two more reductions later this year. The move was explained as a response to growing concerns about the labor market. This was the first cut since December, bringing the short-term rate down from about 4.3% to nearly 4.1%.

Inflation and Jobs at the Center of Debate

Under Powell’s leadership, Fed officials had earlier kept rates steady to observe how tariffs, tough immigration rules, and Trump administration policies impacted inflation and the economy. However, their focus has now shifted more toward jobs than inflation.

Inflation remains slightly above the 2% target, but job creation has nearly halted in recent months, while unemployment is rising. With lower rates, borrowing for homes, cars, and businesses may become cheaper, which could stimulate economic activity and create more employment opportunities.

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