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Markets briefly sold off on the news. And some lawmakers questioned whether Trump has the legal standing to dismiss Powell.

Vault: Trump asks Powell for emergency rate cut

President Donald Trump on Thursday called on Federal Reserve Chair Jay Powell to cut interest rates in an emergency meeting of the Federal Open Market Committee, a sure sign the White House isn’t feeling great about the American economy.

“Where is the Federal Reserve Chairman, Jerome ‘Too Late’ Powell, today?” Trump said on Truth Social. “He should be dropping Interest Rates, IMMEDIATELY, not waiting for the next meeting!” 

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Presented by Cencora

From accelerating innovation to powering the pharmaceutical supply chain, we reduce barriers to expand access to medications for millions of Americans at sites of care in their communities. Learn more

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Presented by Cencora

From accelerating innovation to powering the pharmaceutical supply chain, we reduce barriers to expand access to medications for millions of Americans at sites of care in their communities. Learn more

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