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Trump warns of economic slowdown unless Fed cuts rates

  • President Donald Trump criticized Fed Chair Jerome Powell and called for lower interest rates to prevent economic slowdown, stating it is necessary 'NOW' to address inflation concerns.
  • Many Wall Street firms and analysts foresee a recession in the U.S. Economy based on gross domestic product measures.
  • Trump's claims included a statement that 'preemptive cuts' are being called for due to what he described as 'virtually No Inflation.'
  • White House Economic Adviser Kevin Hassett mentioned that the administration is 'study' Trump's options for removing Powell.
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Financial Express broke the news in Uttar Pradesh, India on Sunday, April 20, 2025.
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