President, whose tariff policy has caused turmoil, says central bank head’s termination ‘cannot come fast enough’

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Donald Trump early on Thursday blasted the Federal Reserve chairman, Jerome Powell, for not lowering US interest rates and expressed a wish for him to be gone from his role.

The US president lambasted Powell as “always too late and wrong” in a post on his Truth Social platform. Trump noted that the European Central Bank (ECB) was poised on Thursday to lower interest rates again, without mentioning that the body has been responding to the chaos caused by Trump’s initiatives on tariffs.