The European Central Bank cut interest rates for the seventh straight time Thursday, lowering its key rate to 2.25% in a move anticipated by President Donald Trump, who seized the moment to launch a fresh attack on Fed Chair Jerome Powell.
In a post published Thursday morning on Truth Social, Trump predicted the ECB would slash rates again, calling out Powell for falling behind his European counterpart. “The ECB is expected to cut interest rates for the 7th time,” Trump wrote.
Trump added that “Too Late” Jerome Powell, who he claimed is consistently late and wrong, released yet another report that he called a typical, total “mess”—despite falling oil and grocery prices and increasing U.S. tariff revenues.
The president went as far as calling for Powell’s removal, saying, “Powell’s termination cannot come fast enough!”
ECB Slashes Interest Rates As Trade Tensions Weigh On Outlook
The ECB justified the 25-basis-point reduction citing both progress on disinflation and heightened …