Will The Clash Between Pascatarif, Trump, And Jerome Powell Be The Next Shock To The Global Economy?

Following the implementation of global tariffs by the administration of President Donald Trump and ongoing negotiations with various countries, the global economy appears poised to face yet another "drama" of upheaval. 

This time, the focus is on Trump's dissatisfaction with Jerome Powell, the Chair of the Federal Reserve. In a post on his social media platform, Truth Social, on April 17, 2025, Trump expressed his impatience, stating, "Powell’s termination cannot come fast enough!" 

This statement indicates Trump's eagerness for the moment when Powell is removed from his position as the head of the Federal Reserve. 

On the same day, various international media outlets reported that Trump had told reporters, "I (Trump) am not happy with him (Powell). I let him know." 

What has caused Trump to be so frustrated with Powell? 

This tension has been building for some time, but the latest trigger was Powell's bleak assessment of the economic outlook following Trump's announcement of significant tariff changes on April 3. 

Additionally, Trump has repeatedly urged the Federal Reserve to lower interest rates promptly, while Powell has indicated that more "clarity" regarding the impact of Trump's tariff policies is needed before any action can be taken. 

White House economic advisor Kevin Hassett stated on Friday, April 18, that President Trump and his team are examining the situation when asked by reporters whether Powell would be dismissed as Chair of the Federal Reserve. 

The challenge Trump faces is that, under U.S. constitutional law, there is no explicit legal mechanism allowing a President to remove the Chair of the Federal Reserve solely due to policy disagreements. 

Tag: Donald Trump Global Economy Global Tariffs Jerome Powell