Trump Slams Fed Chief Powell: 'That Jerk Will Be Gone Soon' Amid DOJ Probe, Interest Rate Feud

• Donald Trump escalated his feud with Federal Reserve Chair Jerome Powell, accusing him of undermining economic momentum by not cutting interest rates more aggressively.
• Trump criticized Powell during a visit to a Ford Motor Company plant in Dearborn, Michigan, arguing the Fed should lower rates when the market performs well.
• The former President directly targeted Powell, stating, "that jerk will be gone soon," and claimed the Fed was failing to support economic growth.
• Trump also accused Powell of being "incompetent" or "crooked" regarding cost overruns for Federal Reserve headquarters renovations, now under DOJ investigation.
• Powell confirmed the criminal probe, linking it to political pressure over interest rate policy, while bipartisan concern in Congress and former officials condemned the investigation.

Why It Matters: Trump intensifies attacks on Fed Chair Powell over interest rates and a DOJ probe, raising concerns about Fed independence.