Why Jerome Powell was right all along about interest rates, inflation and the economy

The record for 2025 is unambiguous. Trump has repeatedly called Powell a “loser” and labeled him with the moniker “Too Late” for supposedly failing to cut short-term interest rates early enough or deeply enough. Vice President J.D. Vance chimed in that it was “monetary malpractice” for the Fed to refuse to cut rates in the spring.And let us be worried about what 2026 holds, as Trump gains even more influence over the Fed. Powell’s term as Fed chair ends in May, and Trump is expected to nominate a loyalist a ...