Trump warns of economic slowdown without rate cuts

President Donald Trump has ramped up his pressure campaign against Federal Reserve Chairman Jerome Powell, calling him a “major loser” and urging immediate interest rate cuts to prevent a potential economic slowdown. In a post on Truth Social, Trump claimed that inflation in the U.S. is almost nonexistent, with costs for energy and other goods declining. He argued that while inflation is low, there is a risk of economic stagnation unless Powell takes action.