U.S. President Trump once again criticized Federal Reserve Chairman Powell 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 Fed cuts rates, we will buy U.S. Treasuries at lower prices. But frankly, we have a foolish person at the Fed, and he may not cut rates today. He has done a terrible job. We should cut rates by 200 basis points, and it would be even better if we could cut by 250 basis points. I plan to adopt a short-term strategy first, making a significant rate cut, and then switch to a long-term strategy."