President Donald Trump warned the US economy may slow if the Federal Reserve does not move to immediately reduce interest rates, in his latest broadside against Fed Chair Jerome Powell.

President Donald Trump again reiterated his criticism of Fed Chair Jerome Powell as he called for lower interest rates.In a post on Truth Social Monday morning, Trump claimed, without evidence, that "preemptive cuts" were being called for "by many" now that the economy was facing what he described as "virtually No Inflation.

The U.S. economy could slow unless interest rates are lowered immediately, President Donald Trump said on Monday, repeating his criticism of Federal Reserve Chair Jerome Powell, who says rates should not be lowered until it is clearer Trump's tariff plans won't lead to a persistent surge in inflation.