Trump calls for swift removal of Fed Chair Powell, criticizes delayed rate cuts

U.S. President Donald Trump criticized Federal Reserve Chair Jerome Powell, accusing him of making poor decisions and taking delayed actions. In a recent post on his Truth Social account, Trump expressed disapproval of Powell's leadership and argued that the Fed should have cut interest rates much earlier, contrasting its inaction with the European Central Bank, which is expected to cut for the seventh time. He also signaled urgency in replacing Powell.