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Trump Slams 'Too Late Powell' as Fed Cuts Workforce

5/18/2025

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Summary

Story summary

President Donald Trump took to social media to slam Federal Reserve Chairman Jerome Powell, dubbing him “Too Late Powell” for his slow approach to interest rate cuts. Trump insists there's a strong call for action. In a related move, the Fed announced plans to trim its workforce by 10% to enhance modernization and efficiency.

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Story summary

President Donald Trump took to social media to slam Federal Reserve Chairman Jerome Powell, dubbing him “Too Late Powell” for his slow approach to interest rate cuts. Trump insists there's a strong call for action. In a related move, the Fed announced plans to trim its workforce by 10% to enhance modernization and efficiency.