Trump: Powell Should Cut Rates Immediately and Is Considering Major Legal Action Against Him

According to a report by Jinse Finance, U.S. President Trump posted on social media, stating: “Mr. ‘Too Late’ Powell now has to cut interest rates. He always acts too late, and the damage caused is immeasurable. Fortunately, the economic situation is very good, and we have already overcome Powell and the complacent committee. However, I am considering allowing a major lawsuit against Powell because his work in managing the construction of the Federal Reserve building has been absolutely terrible and extremely incompetent. Three billion dollars were spent on a project that should have cost only fifty million dollars to fix. This is not good!”