President Donald Trump renewed his call for the Federal Reserve to cut interest rates, saying Fed Chair Jerome Powell’s “termination cannot come fast enough.”

In a Truth Social post on April 17, Trump urged the Federal Reserve to emulate the European Central Bank (ECB) and follow through on rate cuts as prices are down and “the USA is getting rich on tariffs.”

President Trump lashed out at Federal Reserve Chair Jerome Powell in a post on social media Thursday that hinted at potentially dismissing the central bank leader, one day after Powell warned that the Fed could face a difficult trade-off as tariffs raise prices and weaken the economy.

“Powell’s termination cannot come fast enough!” the post read. Trump said Powell “is always TOO LATE AND WRONG” and should be cutting interest rates alongside other central banks.

President Donald Trump on Thursday sharply criticized Federal Reserve Chair Jerome Powell, urging the central bank to lower interest rates and saying Powell’s “termination cannot come soon enough.”

It was not clear whether Trump’s comments indicated a desire to remove Powell from his position or an eagerness for the completion of Powell’s term as Fed chair in 2026. The Fed is an independent government agency established by Congress.