U.S. President Donald Trump on the 21st (local time) criticized Jerome Powell, the chair of the U.S. Central Bank, and reiterated calls for an interest rate cut.
On that day, Trump posted on social media platform Truth Social that if the 'Mr. Too Late,' a major loser, does not lower interest rates, there could be an economic slowdown.
Trump also noted that many people are calling for a 'preemptive rate cut,' claiming that energy and food prices have effectively decreased since his inauguration, and that most other item prices are showing a downward trend.
In addition, Trump criticized Powell for always being too late in his decisions, except when he lowered interest rates 'to help' then-President Joe Biden and then-Democratic presidential candidate Kamala Harris during last year's election period.
Despite Trump's demand for a cut in the benchmark interest rate, Powell has repeatedly frozen interest rates and pointed out the economic impact of the tariffs that Trump had broadly implemented, leading to remarks that could be interpreted as pressures for resignation.
With Powell expressing no intention of resigning before the expiration of his term in May next year, Trump continues to exert pressure with pointed remarks about Powell.