Trump says Fed chief's 'termination cannot come fast enough'
The Peninsula
Washington: US President Donald Trump said Thursday that termination of the independent head of the Federal Reserve cannot come fast enough as he...
Washington: US President Donald Trump said Thursday that "termination" of the independent head of the Federal Reserve "cannot come fast enough" as he lashed out at Jerome Powell's warnings of tariffs-fueled inflation.
In a scathing post on his Truth Social app, Trump repeated a demand for Powell to lower interest rates, suggesting the Fed chair's decisions were "always TOO LATE AND WRONG."
"Powell's termination cannot come fast enough," Trump wrote. "Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now."
Trump was referring to the European Central Bank, which on Thursday lowered its benchmark deposit rate by a quarter point.
ECB chief Christine Lagarde expressed her confidence in Powell following Trump's remarks, saying she had "a lot of respect for my friend and esteemed colleague."
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