Trump calls on ‘Too Late Powell’ to cut interest rates after benign inflation report

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Trump calls on ‘Too Late Powell’ to cut interest rates after benign inflation report—but impact of tariffs is yet to hit

fortune.com/2025/05/14/trump-powell-april-inflation-data-interest-rate-cut

ANALYSIS: Donald Trump is pressuring the Federal Reserve to cut interest rates following a favorable inflation report, arguing that the current base rate is too high with a modest 2.3% annual CPI increase. However, the Fed, led by Jerome Powell, remains cautious due to economic…

This story appeared on fortune.com, 2025-05-14 10:59:43.