Trump Slams Fed Chair Powell Amidst 2.7% Inflation, Vows 'Jerk Will Be Gone Soon'

• US President Donald Trump criticized Federal Reserve Chair Jerome Powell for not cutting interest rates faster, despite 2.7% inflation.
• Trump argued that strong market performance should lead to lower borrowing costs, not higher.
• He directly targeted Powell, stating, "that jerk will be gone soon," escalating their ongoing feud.
• Powell confirmed a criminal investigation by the US Justice Department related to his past Senate testimony on Fed building renovations.
• Powell linked the investigation to Trump's pressure on interest rates, asserting the Fed acts independently of presidential preferences.

Why It Matters: Trump intensifies attacks on Fed Chair Powell over interest rates and inflation, hinting at his removal.