Donald Trump has called Federal Reserve chair Jay Powell a “numbskull” for not cutting interest rates, saying the White House may “have to force something” if the US central bank does not reduce borrowing costs.

President Donald Trump said that the softer-than-expected inflation result for May looked great, again calling for the Federal Reserve to cut interest rates by a full percentage point. “CPI JUST OUT.

Trump pressures Fed Chair Powell for major rate cuts, citing savings, and signals possible replacement amid growing tensions.