President Donald Trump on Thursday again called for the Federal Reserve to lower rates and even hinted at the “termination” of Chair Jerome Powell. His post on Truth Social comes a day after Powell delivered a speech at the Economic Club of Chicago in which he noted that the administration’s tariffs put the central bank in a tricky spot as it decides whether to tame inflation or boost growth. This is not the first time Trump has criticized Powell’s approach to U.S. monetary policy. U.S. President Donald Trump, left, and U.S. Federal Reserve Chair Jerome Powell. Win McNamee | Kevin Lamarque | Reuters
President Donald Trump on Thursday again called for the Federal Reserve to lower rates and even hinted at the “termination” of Chair Jerome Powell.
In a Truth Social post, Trump said:
“The ECB is expected to cut interest rates for the 7th time, and yet, ‘Too Late’ Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete ‘mess!’ Oil prices are