This time, Donald Trump's attack was much more violent: On Thursday, April 17, he stated that "Powell's termination cannot come fast enough!" The term used – "termination" – leaves room for doubt. Is the president of the United States planning to wait for Jerome Powell's term as head of the US Federal Reserve (the Fed) to end, in May 2026, or does he intend to remove him prematurely?

Officially, the pretext for Trump's attack, posted on his Truth Social network, against the Fed's chairman, whom he nicknamed "Too Late," was an interest rate cut from 2.50% to 2.25% announced by the European Central Bank (ECB), which had been decided in Frankfurt that day. "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!' Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS," he wrote. "Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now."

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