Trump Has Full-Blown Tantrum Over Fed Chair’s Tariff Warning (2025)

Donald Trump isn’t too happy after Federal Reserve Chair Jerome Powell said the president’s tariff policy would cause more inflation and slow growth.

In a post on Truth Social Thursday morning, Trump furiously blamed Powell for not lowering interest rates. The European Central Bank had announced just a few hours earlier that it would make yet another round of cuts to offset Trump’s tariffs, which have roiled the markets and deteriorated the outlook for growth.

“The ECB is expected to cut interest rates for the 7th time, and yet, ‘Too Late’ Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete ‘mess!’” Trump wrote.

“Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now,” Trump added. “Powell’s termination cannot come fast enough!”

In fact, egg prices have once again risen, ahead of Easter weekend, after falling in mid-March. Trump’s claim that the U.S. is getting “rich on tariffs” also deserves some scrutiny. While the president has claimed that the U.S. is raking in up to $2 billion a day, U.S. Customs and Border Protection revealed this week that the number was more like $250 million.

At an event hosted by the Economic Club of Chicago Wednesday, Powell had warned that “the level of tariff increases announced so far is significantly larger than anticipated, and the same is likely to be true of the economic effects, which will include higher inflation and slower growth.”

Trump had already been pushing for the Fed to cut interest rates ahead of announcing his sweeping “reciprocal tariff” policy earlier this month.

Despite Trump’s latest call for his “termination,” Powell has already been clear that the president does not have the power to remove him. His term as Federal Reserve chair ends in May 2026.

El Salvador won’t let Senator Chris Van Hollen have any contact with Kilmar Abrego Garcia, a Maryland resident who is being unlawfully detained in a megaprison in the country.

Van Hollen traveled to El Salvador Wednesday in search of answers about Abrego Garcia’s whereabouts. The father of three was deported last month due to an “administrative error” by the Trump administration, which continues to claim Abrego Garcia is a member of MS-13, despite there being no evidence to prove it.

The Democratic senator from Maryland asked Salvadoran Vice President Félix Ulloa if he could arrange a meeting with Abrego Garcia, he told reporters Wednesday.

“He said he was not able to make that happen,” Van Hollen said, adding that Ulloa gave him the same response when he asked if he could come back next week instead.

“So I asked if I could get on the phone, either video phone or phone, and talk to Mr. Abrego Garcia to see how he’s doing,” Van Hollen continued. Ulloa won’t let that happen either. Nor will he allow Abrego Garcia to speak with his family, for whom Van Hollen promised he would get answers.

The Trump administration is currently paying El Salvador $6 million to detain more than 200 immigrants in CECOT, a megaprison where people all but disappear once they’re locked up. The notorious institution is the centerpiece of President Nayib Bukele’s violent crackdown on crime, and can hold up to 40,000 inmates. CECOT inmates are shut out from the outside world—they’re not allowed visitors or phone calls with loved ones, nor are there any programs to help them integrate back into society upon release—a cruel but convenient place for Trump to send people he doesn’t want tracked down.

Last week, the Supreme Court ordered the White House to “facilitate” the return of Abrego Garcia, but Trump still hasn’t done anything to make that happen. And it seems like El Salvador won’t either, a scary indication of just how much the government is cozying up to Trump amid his mass deportation plans.

In a meeting with Trump on Monday, Bukele said he will not return Abrego Garcia to the U.S., nor will he release him in El Salvador, despite the Supreme Court’s orders. Van Hollen is the first Democrat to step up and demand Abrego Garcia’s release on Bukele’s home turf.

Federal Reserve Chair Jerome Powell warned Wednesday that Donald Trump’s sweeping reciprocal tariff policy would likely raise inflation, despite the president’s many promises to lower prices upon entering office.

“The level of tariff increases announced so far is significantly larger than anticipated, and the same is likely to be true of the economic effects, which will include higher inflation and slower growth,” Powell said during an event hosted by the Economic Club of Chicago.

Powell’s words stand in marked contrast to Trump’s. During a press conference with Salvadoran President Nayib Bukele Monday, Trump claimed that he had “already solved inflation,” after the inflation rate had reached 2.4 percent in March, a six-month low.

“You know, if you look at the numbers, the numbers are incredible, actually. The stock market’s up,” Trump said. But that was only after he sent the stock market sinking with his announcement of blanket 10 percent tariffs on products from nearly every country in the world.

And that was in addition to the 25 percent tariffs he’d already announced on products from Canada and Mexico, as well as 25 percent tariffs on imported cars and autoparts. Not to mention his mounting trade war with China, which involved a 145 percent tariff on Chinese goods—with a temporary exception for electronics—that saddled the U.S. with a reciprocal 125 percent tariff on American exports to China.

When Trump announced a 90-day pause on his sweeping reciprocal tariffs, the stock market immediately shot back up, making millions for the president’s buddies at the expense of weakening the U.S. dollar and the U.S. Treasury market.

Powell warned that Trump’s economic policies were pushing the U.S. into uncharted territory. “There isn’t a modern experience for how to think about this,” Powell said Wednesday.

He added that the Federal Reserve might find itself “in the challenging scenario in which our dual-mandate goals are in tension,” referring to the central bank’s dual mandate of maximum employment and stable prices.

A judge said Wednesday there is probable cause to hold Donald Trump’s administration in criminal contempt for refusing to turn around the El Salvador–bound planes carrying more than 200 Venezuelan immigrants last month.

In a 46-page ruling, U.S. District Judge James Boasberg wrote that the government’s actions “demonstrate a willful disregard” of his previous order that barred Trump from deporting the Venezuelan immigrants—the majority of whom have no criminal record—to El Salvador, where they are currently being held in CECOT, a prison notorious for human rights abuses.

Trump deported the immigrants under the Alien Enemies Act of 1798, an archaic law that has only been invoked three times before, most famously for the internment of Japanese Americans during World War II.

The White House’s blatant disregard of Boasberg’s order is “sufficient to conclude” that there is probable cause for criminal contempt, the judge wrote, adding that none of the government’s explanations have been satisfactory.

Following Boasberg’s first ruling, Trump asked the Supreme Court to impeach the Obama-appointed judge, which Chief Justice Roberts refused, in a rare but telling public statement.

“For more than two centuries, it has been established that impeachment is not an appropriate response to disagreement concerning a judicial decision. The normal appellate review process exists for that purpose,” Roberts said on March 18.

The Supreme Court did however overturn Boasberg’s order at Trump’s request on April 7, giving the president the go-ahead to continue deporting innocent immigrants under the wartime powers act. Last week, the U.S. deported 10 more people it claimed were gang members to El Salvador, according to Secretary of State Marco Rubio. The Trump administration contended to Boasberg that the Supreme Court’s ruling should protect it from criminal contempt, but the judge clearly is fed up with the White House’s relentless excuses.

“The Constitution does not tolerate willful disobedience of judicial orders—especially by officials of a coordinate branch who have sworn an oath to uphold it,” Boasberg’s ruling reads.