- Trump urges the Federal Reserve to cut interest rates, claiming prices for gas, groceries, and energy are down.
- He criticizes Fed Chair Jerome Powell as “Too Late Powell,” accusing him of holding back America’s economic growth.
- Trump warns that the U.S. could fall behind Europe and China, both of which have already lowered rates.
President Trump is once again urging the Federal Reserve to slash interest rates, claiming that prices for gas, groceries, and just about everything else are dropping. In a Truth Social post on Tuesday, Trump said, “No Inflation, and Prices of Gasoline, Energy, Groceries, and practically everything else, are DOWN!!! THE FED must lower the RATE, like Europe and China have done.”
Targeting Powell – Trump’s Frustration Boils Over
Trump didn’t hold back on his criticism of Federal Reserve Chairman Jerome Powell, labeling him “Too Late Powell” and questioning why the Fed hasn’t acted more aggressively. “What is wrong with Too Late Powell? Not fair to America, which is ready to blossom,” Trump wrote, insisting that rate cuts would be a “beautiful thing” for the economy.
Global Pressure – Is the U.S. Falling Behind?
Trump’s push for lower rates comes as other major economies, including Europe and China, have already cut interest rates in a bid to stimulate growth.
With inflation reportedly under control, Trump argues that the U.S. risks falling behind if the Fed doesn’t follow suit. But with Powell maintaining a cautious stance, the question remains: Will the Fed cave to political pressure or stay the course?
