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The Guardian - US

World

Jasper Jolly, Tom Ambrose and Joanna Walters

Trump says Fed chair would resign if asked and condemns him over interest rates

Jerome Powell Donald Trump US Federal Reserve Interest Rates United States ECB Oil White House the Federal Reserve

Donald Trump looks on as Jerome Powell, his nominee to become chair of the US Federal Reserve, moves to the podium at the White House in 2017. — Donald Trump (left) and Jerome Powell at the White House in 2017. Photograph: Carlos Barría/Reuters

Donald Trump early on Thursday condemned the Federal Reserve chair, Jerome Powell, for not lowering US interest rates, and expressed a wish for him to be gone from his role.

The US president lambasted Powell as “always too late and wrong” in a post on his Truth Social platform. Trump noted that the European Central Bank (ECB) was poised on Thursday to lower interest rates again, without mentioning that the body has been responding to the chaos caused by Trump’s initiatives on tariffs.

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