Trump Renews Attack on Fed Chair, Calls for Immediate Rate Cuts

U.S. President Donald Trump has reignited criticism of Federal Reserve policy, calling for swift interest rate reductions and casting doubt on Fed Chair Jerome Powell’s ability to handle the process.

Speaking in recent remarks, Trump claimed there is near-universal agreement that rates should be lowered, citing economic headwinds and growing pressure from both markets and the public. But he warned that Powell—whom he mockingly referred to as “Too Late Powell”—is likely to mishandle the timing, just as he had done in past cycles.

Trump has maintained a longstanding feud with the central bank chief, previously stating that Powell should be “removed from office immediately.”

Although he briefly toned down his rhetoric during a period of market volatility in April, the president has once again turned up the heat, this time following the Fed’s decision to hold rates steady.

READ MORE:

How This Crypto Trader Turned $9,000 Into Millions in a Month

In a separate but equally attention-grabbing announcement, Trump revealed plans to hold a direct conversation with Russian President Vladimir Putin. He said the call will be followed by discussions with Ukrainian leader Volodymyr Zelenskyy, as well as upcoming meetings with several NATO representatives.

The remarks come amid speculation about Trump’s foreign policy direction and his views on global conflict resolution as he attempts to reclaim political momentum ahead of the next election cycle.

Alexander Stefanov