This story was originally published by the WND News Center.
President Donald Trump unleashed an attack on his own chairman of the Federal Reserve on Monday, calling Jerome Powell "a major loser" and "Mr. Too Late."
His verbal assault on Truth Social focused on the possibility of cuts in interest rates.
"'Preemptive Cuts' in Interest Rates are being called for by many," Trump began.
"With Energy Costs way down, food prices (including Biden's egg disaster!) substantially lower, and most other 'things' trending down, there is virtually No Inflation.
"With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW.
"Europe has already 'lowered' seven times. Powell has always been 'To Late,' except when it came to the Election period when he lowered in order to help Sleepy Joe Biden, later Kamala, get elected. How did that work out?" Trump concluded.
With a history in investment banking, Powell became a member of the Federal Reserve Board of Governors after being nominated to the post by Barack Obama in 2012.
During his first term, President Trump elevated Powell to chairman of the Fed in 2018, succeeding Janet Yellen, and Powell was renominated to the position by Joe Biden.
