Trump Demands Fed’s Powell ‘Immediately’ Cut Interest Rates (1)

President Donald Trump renewed his call for Federal Reserve Chair Jerome Powell to cut interest rates as the world economy faces shock waves from his war with Iran.

“Where is the Federal Reserve Chairman, Jerome ‘Too Late’ Powell, today?” Trump posted Thursday on social media. “He should be dropping Interest Rates, IMMEDIATELY, not waiting for the next meeting!”

The barb at Powell comes as Trump is grappling with economic fallout from the Middle East conflict, which has driven up oil prices and threatened global supply chains. Americans’ frustration with the cost of living bodes poorly for Republicans’ chances of keeping ...