President Trump speaks about firing Fed Chairman Powell for the first time, criticizing the decision to cut interest rates "too late"

On April 18, US President Donald Trump called for the Federal Reserve to cut interest rates again and hinted at the dismissal of Fed Chairman Jerome Powell in a post on his social media account "Truth Social." President Trump criticized Powell, saying, "The European Central Bank (ECB) is planning to cut interest rates for the seventh time, but Mr. Powell is always too late and wrong," and said, "The sooner he is dismissed, the better."

This post was made the day after Chairman Powell pointed out in a speech at the Chicago Economic Club that the current administration's tariff policy forces the Fed to make a difficult decision between curbing inflation or promoting growth. Chairman Powell...