Trump Criticizes Fed Chair Powell’s Delays as European Central Bank Prepares for Seventh Rate Cut

In a recent statement on Truth Social, former President Donald Trump criticized the European Central Bank’s anticipated seventh interest rate cut and accused Fed Chair Jerome Powell of consistently delaying necessary monetary policy adjustments. Trump emphasized that the Fed’s approach has been misguided, describing Powell’s remarks as a “typical and complete mess,” especially in light of declining oil and grocery prices. He asserts that the U.S. economy stands to gain significantly from existing tariffs, yet the Federal Reserve’s inaction on interest rates has been detrimental. Trump advocates for a proactive monetary strategy, urging that interest rates should have been reduced in a timely manner akin to the European Central Bank’s policies. He concludes with a strong call for Powell’s dismissal, stating that decisive leadership changes are essential for effective economic governance.