Trump calls for a rate cut again, but perhaps "not to fire Powell."

On June 20 local time, U.S. President Trump once again called on Federal Reserve Chairman Powell to cut interest rates. Trump stated that he may have to change his mind about not firing Powell. Trump referred to Powell as "Mr. Too Late" on social media again, and severely criticized his complaints about inflation costs arising from "economic problems caused by the Biden administration." He indicated that Powell should make the "greatest and best contribution" to the U.S. by cutting interest rates. Trump wrote: "If he lowers the rates to where they should be—1% to 2%, this 'idiot' could save the U.S. up to 1 trillion dollars every year." He also mentioned that currently, the U.S. has "almost no inflation," and the economy is performing well. Trump stated that if Powell is indeed concerned about inflation or other risks, he should "cut rates now," and if conditions change in the future, he can raise them again. Additionally, Trump hinted that he might reconsider whether to remove Powell from his position. Trump said, "Maybe, just maybe, I have to change my mind and not fire him? But anyway, his term is coming to an end soon." (CCTV News)