Skip to main content
Saturday, November 14, 2026Nov 14

Times Opinion: Trump’s efforts to control the Federal Reserve put the US economy in jeopardy

Photo by Andrew Harnik via Getty Images/TNS / Federal Reserve Chairman Jerome Powell speaks with attendees during the Integrated Review of the Capital Framework for Large Banks Conference at the Federal Reserve on July 22, 2025, in Washington, D.C. Rep. Anna Paulina Luna (R-FL) is referring Powell to the Department of Justice (DOJ) for criminal charges, accusing him of two specific instances of perjury. The accusations come as Trump allies continue to call for Powell's removal before his term expires in mid-2026.
Photo by Andrew Harnik via Getty Images/TNS / Federal Reserve Chairman Jerome Powell speaks with attendees during the Integrated Review of the Capital Framework for Large Banks Conference at the Federal Reserve on July 22, 2025, in Washington, D.C. Rep. Anna Paulina Luna (R-FL) is referring Powell to the Department of Justice (DOJ) for criminal charges, accusing him of two specific instances of perjury. The accusations come as Trump allies continue to call for Powell's removal before his term expires in mid-2026.

Donald Trump was elected twice on a slogan to make America great, but nearly everything he does makes the country worse.

Trump’s Big Beautiful Bill increased U.S. debt and boosted health care costs. His tariffs have raised prices, while cuts to regulations have left workplaces more dangerous. Trump has also weakened higher education, slashed lifesaving medical research, damaged relationships with allies, and undermined the rule of law.

Many of Trump’s policies are making people sicker, poorer, and less safe. In that context comes Trump’s latest attack on the Federal Reserve, which will ultimately hurt all Americans.

Since returning to office, Trump has pressured Federal Reserve Chairman Jerome Powell to speed up interest rate cuts in an effort to boost the economy. But the Fed has moved cautiously to avoid further inflation.

In July, Trump threatened to fire Powell. Last month, Trump said he may sue Powell for “gross incompetence.”