Donald Trump criticises Federal Reserve chair as European Central Bank cuts interest rates

Donald Trump says end of Jerome Powell's term as Fed chair 'cannot come fast enough'

Donald Trump is awake. And he has strongly criticised monetary policy by the Federal Reserve, saying the end of Jerome Powell’s tenure as chair “cannot come fast enough”.

In a post on Truth Social, the social network he owns, Trump said that Powell had been too slow to cut interest rates – contrasting its hesistance because of perceived inflationary pressures with the European Central Bank (ECB).

The ECB is due to cut interest rates for the seventh time this year in order to prop up economic growth.