Trump, Fed and rate cuts
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Trump has branded Powell with the nickname "Too Late" as a criticism of the Fed Chair's continuing decision to hold interest rates steady.
At a news conference May 7 after the Fed held interest rates ... than anticipated to lower rates, economists say. And that, they say, could make the central bank late to the game if the nation ...
Trump has frequently critiqued the Fed Chair in 2025, calling Powell a "major loser." On Wednesday, weaker private payrolls spurred fresh calls for rate cuts.
A brutal jobs report led to Donald Trump attacking the chair of the Federal Reserve, Jerome Powell, again on Wednesday — just after the president had hailed the U.S.’s “best May in 30 years.” “ADP NUMBER OUT!
President Donald Trump met with Federal Reserve Chair Jerome Powell and the two discussed the economy but not Powell’s outlook for interest rates, the Fed said.