Trump intensifies pressure on Powell: The US economy could slow down if interest rates are not cut immediately.

Golden Finance reported that U.S. President Donald Trump stated that if The Federal Reserve (FED) Chairman Jerome Powell does not cut interest rates immediately, the country’s economy may slow down. Trump asserted on his social media platform on Monday: The drop in energy and daily necessities prices determined that “there is almost no inflation.” “But the economy may slow down unless ‘Mr. Too Late,’ this big waste, cuts interest rates right now,” Trump again referred to Powell with a derogatory term.