Trump calls for interest rate cuts again, perhaps choosing to "not fire" Powell.

PANews June 21 news, according to Caixin, 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 might have to change his mind about not firing Powell. Trump again referred to Powell as "Mr. Too Late" on social media and severely criticized his complaints about inflation costs, attributing them to "economic problems caused by the Biden administration." He stated that Powell should make the "greatest and best contribution" to the U.S. by cutting interest rates. Trump wrote: "If he lowers interest rates to where they should be - 1% to 2%, this 'fool' could save the United States up to $1 trillion a year." He also said that the US currently 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 the situation changes 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 about not firing him? But anyway, his term is about to end soon." Trump has repeatedly criticized Powell this year and threatened to remove him from his position as the chairman of The Federal Reserve (FED). The FED concluded its interest rate meeting on June 18, maintaining the current policy interest rate. Before the meeting, Trump again blasted FED Chairman Powell, calling him "an not very smart politician" and expressing dissatisfaction with his refusal to lower rates. Powell responded during an interview with reporters, stating that the core mission of the FED is to ensure economic stability and price stability, and he did not directly respond to Trump's accusations.