US President Donald Trump intensified pressure on Federal Reserve Chairman Jerome Powell for interest rate cuts on Monday, calling him “a major loser” and warning of an economic slowdown.
“There can almost be no inflation, but there can be a SLOWING of the economy unless Mr Too Late, a major loser, lowers interest rates, NOW,” he posted on Truth Social. Trump also compared the Federal Reserve with the European Central Bank (ECB), which has reduced interest rates seven times. “Powell has always been ‘Too Late,’ except when it came to the election period when he lowered rates in order to help Sleepy Joe Biden, later Kamala, get elected. How did that work out?” he added.
