Trump says 'loser' Jerome Powell is waiting too long to cut interest rates

President Donald Trump lobbed a fresh series of insults at Fed Chair Jerome Powell on Monday while reiterated a call for lower interest rates, a move meant to address concerns about a slowing U.S. economy but one that risks reigniting inflation.

President Donald Trump lobbed a fresh series of insults at Fed Chair Jerome Powell on Monday while reiterated a call for lower interest rates, a move meant to address concerns about a slowing U.S. economy but one that risks reigniting inflation.

In a post on Truth Social, Trump claimed without evidence that "preemptive cuts" were being called for "by many" now that the economy was facing what he described as "virtually No Inflation."

The economy now risks slowing, Trump said, "unless Mr. Too Late, a major loser, lowers interest rates, NOW."

"Powell has always been 'To Late,' except when it came to the Election period when he lowered in order to help Sleepy Joe Biden, later Kamala, get elected. How did that work out?"

Though Trump has long criticized Powell, whom he appointed during his first term, the president's complaints have ramped up in recent days amid a major market reaction to his tariffs shock.