Trump intensifies pressure on Powell: the US economy may slow down without immediate interest rate cuts
2025-04-21 16:46:01
The US economy could slow if Federal Reserve chairperson Jerome Powell does not cut interest rates immediately, according to President Donald Trump, who asserted in a post on his social media platforms on Monday that "there will be almost no inflation" because of falling energy and commodity prices. "But the economy could slow unless Mr. Too Late, the big trash, cuts interest rates now," Mr. Trump said, again referring to Mr. Powell with disdain.
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