Trump says Fed chair Powell’s termination can’t ‘come fast enough!’

FILE PHOTO: U.S. President Donald Trump looks on as Jerome Powell, his nominee to become chairman of the U.S. Federal Reserve, speaks at the White House in Washington

(Reuters) – U.S President Donald Trump said Federal Reserve Chair Jerome Powell’s termination “cannot come fast enough”, while calling for the U.S. central bank to cut interest rates.

In a post on his social media platform Truth Social, Trump reiterated his stance on rate cuts, saying that Powell “should have lowered interest rates, like the ECB, long ago, but he should certainly lower them now.”

(Reporting by Angela Christy and Gursimran Kaur in Bengaluru; Editing by Chizu Nomiyama)