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Last Updated:July 09, 2025, 00:53 IST
Donald Trump demands immediate rate cuts from Federal Reserve Chair Jerome Powell, dismissing inflation concerns.

US President Donald Trump
US President Donald Trump lashed out at Federal Reserve Chair Jerome Powell, demanding immediate interest rate cuts and dismissing inflation concerns as unfounded. The US President’s sharp remarks came in a post on his social media platform Truth Social, where he cited a new economic study to argue that his aggressive tariff policy has not contributed to inflation.
“A new Study by the Council of Economic Advisers (CEA), led by Highly Respected Chair, Dr. Stephen Miran, has found that Tariffs have had ZERO IMPACT on Inflation," Donald Trump wrote, adding, “Import Prices are actually DROPPING, just like I always said they would."
Read more: ‘They’ll Have To Pay’: Trump Warns India, Other BRICS Members Of Extra 10% Tariff
He followed the claim with a pointed attack on Jerome Powell, saying, “Someone should show this new Study to ‘Too Late’ Jerome Powell, who has been whining like a baby about non-existent Inflation for months, and refusing to do the right thing. CUT INTEREST RATES JEROME — NOW IS THE TIME!"
Donald Trump Says US Economy Is Booming
Donald Trump used the post to defend his ongoing tariff campaign, which has seen steep hikes on imports from over a dozen countries. Donald Trump insisted the strategy is fueling growth, as he said, “Tariffs are making our Country ‘BOOM.’ Many new Factories, Jobs, and TRILLIONS OF DOLLARS in Investments are pouring into the U.S.A. The Fake News and the so-called ‘Experts’ were wrong again."
Donald Trump’s Tariffs
Donald Trump launched an aggressive new tariff regime targeting 14 countries with sharply elevated import duties, marking a major escalation in his effort to restructure global trade. The highest rates- 40% tariffs- have been imposed on Laos and Myanmar, followed by 36% on Thailand and Cambodia, 35% on Bangladesh and Serbia, 32% on Indonesia, 30% on South Africa and Bosnia and Herzegovina and 25% on Malaysia, Tunisia, Japan, South Korea and Kazakhstan. These tariffs are set to take effect on August 1. Donald Trump also warned that countries aligning with BRICS- including India- could face an additional 10% tariff.
- Location :
Washington D.C., United States of America (USA)
- First Published:
News world Trump’s Message To Fed Chief On Inflation: ‘Stop Whining Like A Baby And Cut Rates’