Macroeconomic expert Nouriel Roubini, commonly referred to as “Dr. Doom,” has pushed back against President Donald Trump’s verbal jabs at Fed Chair Jerome Powell, and his escalating attacks on the Federal Reserve’s autonomy, amid demands for a preemptive rate cut.
What Happened: On Tuesday, Roubini’s post on X criticized Trump’s taunts and insults aimed at the Federal Reserve Chair, calling it a “clumsy blame game,” which he believes is the only “semi-rational explanation” for the president’s recent behavior.
Powell cannot change monetary policy on his own even if he wanted to: a majority of the FOMC gotta vote for it and the FOMC will not cut rates as inflation will start going higher as tariffs kick in. Even if Trump were to fire Powell he would not be able bend the FOMC . Trump is… pic.twitter.com/B30NvKW6U3
— Nouriel Roubini (@Nouriel) April 21, 2025
Roubini believes that Trump is now setting the stage to blame Powell …Full story available on Benzinga.com
