off-the-wire

Trump says Fed chair Powell should make big rate cut now

Kitco Media
By Reuters
Published:
Updated:
Reuters
Trump says Fed chair Powell should make big rate cut now teaser image

WASHINGTON, Sept 10 (Reuters) - U.S. President Donald Trump on Wednesday reiterated his call for Federal Reserve Chairman Jerome Powell to cut benchmark interest rates.

"Just out: No Inflation!!! “Too Late” must lower the RATE, BIG, right now. Powell is a total disaster, who doesn’t have a clue!!!, Trump said in a post on Truth Social. The post follows federal government data that showed U.S. producer prices slipped in August.

Reporting by Katharine Jackson; editing by Susan Heavey

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