Trump Criticizes Powell Again: Stupid Person Probably Won't Cut Rates Today

U.S. President Trump criticized Federal Reserve Chairman Powell again on Wednesday, just hours before the Fed announced its interest rate decision. Trump stated that the U.S. has collected $88 billion from tariffs and that there is 'no inflation,' once again calling for a rate cut. He said, 'If the Federal Reserve cuts rates, we will buy U.S. Treasuries at lower prices. However, frankly, we have a stupid person at the Fed who probably won't cut rates today. He has done a terrible job. We should cut rates by 200 basis points. I plan to first take a short-term strategy to significantly lower rates and then shift to a long-term strategy.'