Trump criticizes Federal Reserve Chairman again, calls for immediate interest rate cuts US President Trump posted on his social media platform that the European Central Bank is expected to cut interest rates for the seventh time, while Federal Reserve Chairman Powell is "always too late and wrong" and his latest report is also a mess. He pointed out that oil and food prices are falling, and the United States is getting rich through tariffs, and once again called on Powell to immediately cut interest rates, saying that "the sooner Powell is fired, the better".