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International Business Times
International Business Times
Business

Trump Clashes With Fed Chief Powell Over Interest Rates

Jerome Powell Donald Trump Interest Rates US Federal Reserve United States Inflation
The central bank's chair warned on Wednesday that Trump's sweeping tariffs on virtually every trade partner could cause spikes in both inflation and unemployment (Credit: AFP)

US President Donald Trump blasted Federal Reserve chairman Jerome Powell on Thursday for not lowering interest rates, calling him "always TOO LATE AND WRONG."

"Powell's termination cannot come fast enough," Trump wrote on his Truth Social platform. "Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now."

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