President Donald Trump renewed his call for the Federal Reserve to cut interest rates, saying Fed Chair Jerome Powell’s “termination cannot come fast enough.”
In a Truth Social post on April 17, Trump urged the Federal Reserve to emulate the European Central Bank (ECB) and follow through on rate cuts as prices are down and “the USA is getting rich on tariffs.”
“Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete ‘mess!’” Trump said. “Powell’s termination cannot come fast enough.”
At the April policy meeting, the ECB announced another quarter-point interest-rate cut, the seventh reduction since June 2024. The institution has attempted to bolster the bloc’s growth prospects and cushion potential tariff-driven economic blows….