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Trump Criticizes Fed Board as 'Very Political' on July 27, Hints at Targeting Officials if Rates Rise

2026-07-28 03:39:09

According to Yonhapinfomax on July 27, President Trump criticized Federal Reserve board members as "very political," signaling he may target them if the central bank raises interest rates instead of cutting them as he demands. Aboard Air Force One en route to Michigan, Trump praised Fed Chair Kevin Wash as "fantastic" but stated the board members lack proper intent, suggesting some may act with "bad intentions." Trump previously indicated the board is "somewhat hostile" on July 2. Former Fed Chair Jerome Powell, at a May 31 speech accepting the Profile in Courage Award, defended the Fed's independence from political pressure, prompting Trump's reported anger at what he viewed as a direct challenge to his influence.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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