On Friday, President Donald Trump launched a renewed attack on Federal Reserve Chair Jerome Powell, reiterating his call for the central bank to cut interest rates. Trump, during a question-and-answer session with reporters, argued that prices were falling and that the Federal Reserve should follow suit by reducing interest rates.

“If we had a Fed Chairman that understood what he was doing, interest rates would be coming down, too,” Trump said. “He should bring them down.”

Trump has consistently called for lower interest rates as a way to stimulate economic growth, and his latest remarks come amid heightened tensions between the White House and Powell. Economic adviser Kevin Hassett confirmed that the Trump administration is evaluating whether they can remove Powell from his post, even though Powell has stated that he intends to serve through the end of his term in May 2026 and that he cannot be removed under current law.

The White House’s growing frustration with Powell seems to have intensified in recent days, particularly after Powell’s comments on Wednesday. The Fed chair had warned that Trump’s controversial tariff policies could exacerbate inflation, creating additional challenges for the central bank in achieving its dual mandate of high employment and price stability.

Trump took to Truth Social on Thursday to express his displeasure, posting that “Powell’s termination cannot come fast enough,” and continuing to use the nickname “Too Late” for Powell. The use of “termination” raised questions about whether Trump was seriously considering efforts to remove Powell before the end of his term.

As the conflict between the White House and the Federal Reserve escalates, the future of U.S. monetary policy and Powell’s tenure as chair hangs in the balance.