Trump's demand for interest rate cuts: Calls Fed Chair Powell a 'moron'

U.S. President Donald Trump expressed his criticisms of Fed Chair Jerome Powell via social media. Trump stated that Powell should lower interest rates immediately and significantly. Otherwise, he argued that the Fed Board of Governors should step in and take control.

Trump used the term "stubborn moron" for Powell, criticizing the decision to keep interest rates steady at the last meeting. The Fed had decided not to change interest rates at its most recent meeting.