Trump Criticizes Powell Again: May Consider Replacing Him, Calls for Immediate Rate Cuts to Save Trillions in Spending

Odaily Planet Daily reported that Trump recently posted again on his social platform Truth, criticizing Federal Reserve Chairman Powell and stating that he should decisively cut interest rates by one to two basis points, which could save the United States up to $1 trillion in annual expenses. He mentioned that he had previously tried to push for rate cuts through moderate, neutral, and tough approaches, but none had worked.

Trump also said, "Stop using future inflation risks as an excuse. There is no inflation right now, and even if it does occur in the future, there will still be time to raise rates." He criticized Powell as a "complete idiot" and said he might reconsider whether to replace him, but emphasized that Powell's term is about to end, so there is no need to rush.