Trump shares cartoon showing firing of Fed chair Powell
Former President Donald Trump posted a cartoon on social media depicting him dismissing Federal Reserve Chair Jerome Powell. The image, shared on Truth Social, comes amid ongoing tensions over interest rate policies. It highlights Trump's persistent criticism of the Fed's leadership.
On September 27, 2025, Donald Trump, the former U.S. president and current Republican presidential nominee, shared a cartoon on his Truth Social platform that portrayed him firing Jerome Powell, the chair of the Federal Reserve. The cartoon, created by artist Ben Garrison, shows Trump holding a sign reading 'You're Fired!' while pointing at Powell, who is depicted with a suitcase in hand. This post reignited Trump's long-standing feud with the Fed, which dates back to his presidency when he frequently lambasted Powell for not lowering interest rates aggressively enough to boost the economy.
Trump captioned the image: 'Jerome Powell has NO IDEA what he is doing. The Fed is a disaster!' The post garnered significant attention, with over 1 million views within hours. It follows the Federal Reserve's recent decision to cut interest rates by 50 basis points on September 18, 2025, a move Trump has derided as insufficient and politically motivated. During his 2016-2020 term, Trump nominated Powell to the Fed chair position in 2018 but later expressed regret, calling him an 'enemy' in interviews and even suggesting the president should have more control over monetary policy.
The cartoon's timing coincides with heightened economic debates in the lead-up to the 2024 U.S. presidential election, now extended into discussions of future policy. Economists have noted that while the Fed operates independently to maintain credibility, political pressure from figures like Trump could undermine public trust in the institution. Powell, whose term ends in 2026, has defended the Fed's actions, stating in a recent press conference: 'Our decisions are data-driven and aimed at maximum employment and stable prices.' No immediate response from Powell or the White House was reported following Trump's post.
This episode underscores broader tensions between political leaders and the central bank, with implications for future Fed appointments and economic stability. Trump's comments have drawn criticism from Democrats, who accuse him of politicizing the economy, while some Republicans view it as a call for reform.