Trump: No intention to fire Powell, calls for the Federal Reserve to cut interest rates.

US President Trump stated during a ceremony on Tuesday for the swearing-in of SEC Chairman Atkins that he has no intention of firing Federal Reserve Chair Powell, although he is disappointed that the Fed is not cutting interest rates faster. "Never," Trump told reporters, "the media always makes a mess of things. I never planned to fire him. I hope to see him be more proactive in thinking about lowering interest rates." Trump mentioned, "Grocery prices have already fallen, everything is going down. The only thing that hasn't decreased but also hasn't increased much is the interest rate." Trump stated, "We believe the Federal Reserve should cut interest rates; now is a perfect time. We hope our chair can do it early or on time, rather than late." Trump also noted that the stock market is doing quite well.