Former U.S. President Donald Trump took to Truth Social on Friday evening to launch a fresh attack on Federal Reserve Chair Jerome Powell, criticizing him for delaying interest rate cuts.
In his post, Trump wrote: “Jerome ‘Too Late’ Powell should have lowered rates long ago. As usual, he’s ‘Too Late!’” The remark comes at a time when the Fed’s monetary policy moves are under intense scrutiny amid concerns of slowing economic growth and election-year market volatility.
Trump has consistently been a vocal critic of Powell, whom he appointed as Fed Chair in 2018. During his presidency, Trump repeatedly pushed the central bank to lower rates faster to support economic expansion, often accusing Powell of acting too cautiously.
The latest comment signals Trump’s continued focus on monetary policy as he campaigns for the 2025 election. Investors and markets are closely watching Powell’s next moves, as the Federal Reserve navigates balancing inflation control with the need to support growth.
The post quickly gained traction on Truth Social, drawing over 822 re-truths and 3.2k likes within hours of being shared.
