‘It’s never him’: After tanking markets, Trump’s genius move is to call Fed Chair Powell a ‘loser’

The man who has built his entire brand on taking credit for every sunrise and blaming others for every storm is back at it with a vengeance.

Donald Trump is now pointing his gold-plated finger at Federal Reserve Chair Jerome Powell for the latest market chaos. Because, of course, when things go wrong, it’s never Trump—it’s always someone else’s fault. And this time, Powell is the lucky scapegoat. In case you missed it, Trump has gone full-on WWE mode, calling Powell a “major loser” while demanding immediate interest rate cuts.

Yes, this is the same Trump who proudly touts himself as a business mogul, despite having a long history of bankruptcies (six, if you’re counting) and failed ventures ranging from casinos to steaks. Now, he seems determined to bring that same Midas touch to the U.S. economy—and, judging by Monday’s market tumble, he’s making good progress. The Dow Jones dropped a nasty 750 points in just one morning, the Nasdaq fell even harder at 2.6%, and let’s not forget the U.S. dollar, which slid to its weakest position since 2022.

Trump took to Truth Social to rant about Powell being “too late” and claiming the economy will slow unless the Fed acts immediately. He even threw in a bizarre claim that there’s “virtually no inflation” because energy and other costs are supposedly dropping. Reality check: Inflation may be easing, but it’s still far from the utopia Trump is describing. And even if costs are stabilizing, the Fed doesn’t just cut rates on command like a DJ taking requests.

But this isn’t just about Powell being the latest target of Trump’s insults—it’s about the larger implications of Trump’s meddling. The Federal Reserve, by design, is supposed to be independent from political influence. Its job is to make decisions based on data, not the whims of a president. Trump’s public attacks on Powell—whom, let’s not forget, he personally appointed—are reckless. They undermine confidence in the Fed and send dangerous signals to investors that monetary decisions could be politicized.

The markets, unsurprisingly, did not take Trump’s outburst well. Monday morning was a bloodbath on Wall Street, with the Dow seeing its sharpest drop in weeks. Tariffs, as Powell recently pointed out, are stifling growth and adding inflationary pressure. Yet Trump has the audacity to lecture the Fed on economic policy while ignoring the damage his own policies are causing.

Trump’s team is exploring whether it’s possible to fire Powell before his term expires in 2026. Powell has publicly stated that the president does not have the legal authority to remove him, but when has legality ever stopped Trump from trying? If Trump seriously pursues this, it could trigger a constitutional showdown and further destabilize markets.