President Donald Trump has once again publicly criticized Federal Reserve Chair Jerome Powell, this time over Powell’s decision to remain on the Federal Reserve’s Board of Governors after the end of his term as chair.
In a social media post shared on Truth Social, Trump mocked Powell’s decision and questioned his career prospects outside the central bank. Referring to him as “Jerome ‘Too Late’ Powell,” Trump claimed Powell wants to remain at the Federal Reserve because, in his words, he would struggle to find employment elsewhere.
The remarks came shortly after Powell announced that he plans to stay on as a governor even after his current term as Federal Reserve chair ends on May 15.
Powell made it clear during a recent briefing that his decision is not politically motivated. According to him, remaining at the Federal Reserve is tied to recent developments and unfinished responsibilities rather than any personal ambition to hold onto power.
He explained that he had originally intended to retire but changed course due to what he described as significant events over the past several months.
Powell said those developments convinced him that he should remain in office for a longer period to help see certain matters through. He also noted that he intends to maintain a low public profile while continuing his role as a governor and emphasised the importance of institutional stability during leadership transitions.
In his remarks, Powell stressed that Federal Reserve governors understand the significance of the chair’s position and have a duty to support the institution’s leadership where necessary.
His comments come as Kevin Warsh is expected to take on Powell’s responsibilities, with Powell indicating that he does not intend to interfere in the transition.
Powell has served as chair of the Federal Reserve since 2018, overseeing U.S. monetary policy through major economic events including inflation spikes, interest rate hikes, and post-pandemic recovery challenges.
His relationship with Trump has remained tense for years.
Trump has repeatedly attacked Powell over monetary policy decisions, particularly the Federal Reserve’s reluctance at various times to cut interest rates as aggressively as he preferred.
The criticism has become a recurring theme in Trump’s public commentary, often intensifying whenever the Fed adopts a cautious stance on rate reductions.
Earlier in 2026, Powell also came under scrutiny after the U.S. Department of Justice launched an investigation into renovation costs linked to Federal Reserve building projects.
The inquiry focused on whether Powell had provided inaccurate or misleading testimony regarding the expenses.
The investigation was eventually closed, though U.S. Attorney Jeanine Pirro reportedly warned that it could be reopened if new concerns emerged.
Trump’s latest comments add another layer of political tension around the Federal Reserve at a time when central bank independence remains a sensitive issue in U.S. politics.
Powell’s decision to remain at the institution, even after stepping down as chair, is likely to continue attracting attention from both political observers and financial markets.
For now, Powell appears determined to stay in place, framing his continued presence as a matter of institutional responsibility rather than political alignment.
Meanwhile, Trump’s remarks suggest his long-running feud with the Fed chief is far from over.
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