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US Pres. Trump: Powell of Fed is always too late and wrong

US President Donald Trump accused Federal Reserve (Fed) Chairman Jerome Powell of being "too late and wrong" in a post on Truth Social on Thursday. "The ECB is expected to cut interest rates for the 7th time, and yet, “too Late” 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 and added: "Oil prices are down, groceries (even eggs!) are down, and the USA is getting rich on tariffs. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!" Market reaction These remarks failed to trigger a meaningful market reaction. At the time of press, the US Dollar Index was up 0.27% on the day at 99.55.

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Publication date:

2025-04-17 11:00:21 (GMT)

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