Trump criticizes Powell again: may consider replacing him, calls for immediate interest rate cuts to save trillions in spending.

Odaily News Trump recently posted again on his social platform Truth, criticizing The Federal Reserve (FED) Chairman Powell, stating that he should decisively cut interest rates by one to two basis points to save the United States up to $1 trillion annually. He mentioned that he had previously tried to promote interest rate cuts through mild, neutral, and tough approaches, but none had been effective. Trump also stated, "Stop using the future inflation risk as an excuse; there is no inflation now, and even if it does appear in the future, raising interest rates can be done in time." He criticized Powell as a "complete idiot" and mentioned that he might reconsider whether to replace him, but emphasized that Powell's term is about to end and there is no need to rush.