President Trump Criticizes Federal Reserve Chairman Jerome Powell

President Donald Trump criticized Federal Reserve Chairman Jerome Powell during a rally in Detroit, Michigan. Trump expressed frustration with inflation and interest rates and criticized Powell's performance at the central bank. Despite earlier statements that he did not plan to fire Powell, Trump's denunciation sparked uncertainty in the markets. The president defended his economic policies, particularly his tariff program, as necessary for economic growth. He also signed directives easing some planned tariffs, including reductions in auto part levies. The event highlighted Trump's economic agenda and support from voters in key swing states. Critics are concerned about the impact of tariffs on the economy, while supporters believe in Trump's vision for revitalizing manufacturing and creating jobs. However, automakers warn that high tariffs could lead to plant shutdowns and job losses. The event came amid declining approval ratings for Trump, with concerns about his handling of the economy and fears of a recession. Despite these challenges, Trump remains focused on remaking federal policy and strengthening relations with overseas allies.