Why Donald Trump must let Jerome Powell do his job

Economic Times

7 hours ago

'One of the dumbest, most destructive people in Government'
'Too Late' Jerome Powell is a Fool, who doesn't have a clue.'
'A golfer who can't putt.'
'Total and Complete Moron.'
'Real dummy… very dumb, hardheaded person.'
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GDP projections have been cut from 2.1% in Dec 2024 to 1.4% in June 2025.
Core PCE (Personal Consumption Expenditure) Inflation is rising: 2.5% in Dec 2024 to 3.0% in June 2025.
Unemployment? It's inching up too: From 4.3% in Dec 2024 to 4.5% in June 2025.
Powell: The Only Adult in the Room
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Let's not repeat that mistake.
Final Word: Let the Man Do His Job
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No, These aren't random insults from an angry investor on social media. These are actual words from the President of the United States 'Donald J. Trump' not aimed at a political rival, but at his own Federal Reserve Chairman, 'Jerome Powell'.Now imagine this: the most powerful economy in the world, hanging on a tightrope of inflation job losses , and slowing growth and its central banker being publicly undermined by the very person who nominated him. After decades in the market, I've learned one thing with certainty: nothing shakes investor confidence more than uncertainty at the top.While Powell is meticulously navigating an economy dangerously close to stagflation , Trump is busy firing verbal missiles that only escalates confusion. Powell's job is hard enough already. What he needs is support, not sabotage.The markets may be cheering, with the S&P 500 rallying after the Fed's latest decision to hold rates steady. But don't let the green screens fool you. the U.S. economy 's foundations are beginning to shake.These aren't just numbers, this is the classic recipe for stagflation, and we've seen it before. In the 1970s and early '80s, the Fed learned a hard truth: you don't fight inflation with politics or tweets — you fight it with policy and patience.Today, Powell is the one standing between global economy and another inflation spiral. The Fed Chair doesn't get to dance with sentiment or popularity polls. He deals in data — and data alone. Unlike markets, Powell cannot afford to celebrate illusions.Yet here we are: headlines promise rate cuts, politicians demand stimulus, and the public cheers short-term sugar highs. But Powell must look beyond applause. He must look at the map, not the mood.In a bid to regain political ground, Trump has renewed his campaign of Fed criticism. From threatening to replace Powell to promising deep tax cuts and trade tariffs — his actions are not only populist but a threat to economic stability.Let's connect the dots: tariffs lead to price hikes, Higher prices raise inflation, and Inflation forces rate hikes — creating a vicious cycle that no central bank wants to enter, especially not one already juggling slowing growth and rising joblessness.The stock market has a notorious history of celebrating bad news when it's wrapped in a pretty forecast. But central bankers can't afford to keep myopic vision. Powell is fighting to avoid a situation where political pressure forces him to cut rates too soon, only for inflation to spiral out of control again.Yes, retail investors want relief. Yes, Wall Street craves easy money. But at what cost?I've seen this play before. When inflation was called 'transitory' in 2021, we ended up with the highest price surge in four decades.America doesn't need another stage performer. It needs a steady hand, adjusting economic levers with precision, not populism. That man, whether popular or not is Jerome Powell.Mr. Trump, you've built towers. Now let Mr Powell install stability.The Fed Chair doesn't need jibes — he needs space. Because this isn't about applause. It's about accountability. It's not about dominance. It's about direction.Let Powell do his job — not because it's easy, but because it's essential. Not because it's popular, but because it's right. In a world roaring for attention, real leadership still whispers through results.