Federal Reserve Chairman Jerome Powell indicated that interest rates could remain elevated for a longer period to curb inflation.
The Fed's cautious stance comes amid concerns that tariffs could lead to rising consumer prices and a slowdown in economic growth.
This has drawn criticism from Trump, as the U.S. president suggested that his term should be expedited to an end. Trump's comments, shared on his Truth Social platform on Thursday, imply his belief that the U.S. central bank should have already cut interest rates this year and should do so immediately.
