Trump criticizes Powell again: may consider replacing him, calls for immediate interest rate cuts to save trillions of dollars in spending

Planet Daily News: Trump recently posted again on his social platform Truth, criticizing Federal Reserve Chairman Powell, stating that he should decisively cut interest rates by one to two basis points to save the United States up to $1 trillion in expenses annually. He said he had previously tried to promote interest rate cuts through mild, neutral, and tough approaches, but none were effective. Trump also said, "Stop using future inflation risk as an excuse. There is absolutely no inflation now, and even if it appears in the future, it will still be possible to raise rates later." He criticized Powell as a "complete idiot" and said he might reconsider replacing him, but emphasized that Powell's term is about to end, so there is no need to rush.