By Ben Dummett
President Trump escalated his feud with Federal Reserve Chair Jerome Powell over interest-rate policy.
On Wednesday, Powell said the recent market selloff was understandable given the uncertainty over Trump's tariff policy. In response, Trump took to Truth Social early Thursday morning.
"Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete "mess!"" Trump wrote.
"Powell's termination cannot come fast enough!," the president said, arguing the central bank should have cut rates more aggressively, like the European Central Bank.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
April 17, 2025 06:45 ET (10:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.