U.S. President Donald Trump called on the Federal Reserve to cut interest rates "sooner rather than later," emphasizing the growing consensus for easing monetary policy. In a social media post on Saturday, Trump also took a direct swipe at Federal Reserve Chair Jerome Powell, accusing him of being consistently late in making critical decisions.
"THE CONSENSUS OF ALMOST EVERYBODY IS THAT, ‘THE FED SHOULD CUT RATES SOONER, RATHER THAN LATER,’" Trump wrote in capital letters, highlighting what he sees as urgent economic signals that warrant a rate cut. He then referred to Powell as "Too Late Powell," suggesting the Fed chief has a history of delayed responses and warning that he might “blow it again.”
Trump’s remarks come amid heightened anticipation over the Fed’s next policy move. With inflation showing signs of stabilizing and economic growth slowing, many market analysts have predicted a rate cut could come within the next few months. The president’s comments reflect the mounting political and financial pressure on the central bank to act swiftly.
Jerome Powell, appointed by Trump in 2017, has been a frequent target of the president’s criticism, especially during periods of economic uncertainty. Trump previously pressured the Fed to cut rates during his presidency to stimulate growth.
The central bank, however, has maintained a cautious approach, balancing inflation control with the need to support the economy. Powell has consistently emphasized data-driven decisions, which often puts him at odds with politically motivated calls for faster action.
Trump’s latest comments are likely to reignite debate over the Fed’s independence and the role of politics in monetary policy. As markets watch closely, any signals from the Fed will be scrutinized for alignment—or conflict—with Trump’s vocal demands.