Trump calls on ‘Too Late Powell’ to cut interest rates
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Trump called Fed Chair Jerome Powell “Too Late” after he refused to cut interest rates. Powell defended his decision, saying the economy is solid and the labor market is strong. Economists warned the Fed might act too slowly, just like in past recessions.
President Trump tore into Federal Reserve Chair Jerome Powell early Thursday, a day after the central bank opted to hold interest rates steady — bucking calls from the president to lower borrowing costs. “‘Too Late’ Jerome Powell is a FOOL ...
Jerome Powell said the Federal Reserve can wait to see which effect from Trump's tariffs is worse - high inflation or a weak economy.