President Donald Trump stepped up his criticism of Federal Reserve Chair Jerome Powell on Thursday morning, calling for his “termination” for not dropping interest rates rapidly enough.
His remarks came one day after the central bank governor issued a harsh warning about the impact of Trump’s sweeping tariffs on the economy.
In a social media tweet early Thursday morning, Trump slammed Fed Chairman Jerome Powell, claiming that the US central bank is falling behind its European equivalent. Later Thursday morning, the European Central Bank announced that interest rates would be slashed for the seventh time in a year.
