Trump slams Powell again, demands Fed rates be cut below 1%
US President Donald Trump lashed out at Fed Chair Jerome Powell, saying interest rates should be under 1%, accusing the Fed of costing the US a fortune. He urged aggressive cuts, claiming there's no inflation. His remarks follow Treasury Secretary Bessent hinting Trump may appoint Powell successor next year. Markets held firm; QQQ and SPY are up over 6% YTD.