Trump says Fed chair Powell should make big rate cut now

FILE PHOTO: U.S. President Trump tours the Federal Reserve Board building in Washington, D.C.

WASHINGTON (Reuters) -U.S. President Donald Trump on Wednesday reiterated his call for Federal Reserve Chairman Jerome Powell to cut benchmark interest rates.

“Just out: No Inflation!!! “Too Late” must lower the RATE, BIG, right now. Powell is a total disaster, who doesn’t have a clue!!!, Trump said in a post on Truth Social. The post follows federal government data that showed U.S. producer prices slipped in August.

(Reporting by Katharine Jackson; editing by Susan Heavey)