Trump renews call for rate cut, slams Fed chair

Fed chair Jerome Powell. (Image: Getty)

Tue, 22 Apr 2025

By Nick TimiraosPresident Donald Trump on Monday renewed his call for the Federal Reserve to immediately cut interest rates to cushion the potential fallout from his trade war.Trump pointed to inflation data from March, before this month’s tariffs took effect, to support his demand that Fed Chair Jerome Powell reduce interest rates.“There is virtually no inflation,” Trump said in a Truth Social post. “Powell has always been ‘To [ sic ] Late.’”Trump also referred to the Fed chair as a “major loser....

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