'Too late and wrong': Trump threatens the Fed's Powell in early morning comments

Donald Trump was up early on Thursday morning, launching a fresh attack on Fed chair Jerome Powell for ignoring his demand to lower interest rates while threatening him with termination.

In apparent reaction to reports that the European Central Bank (ECB) is poised to cut interest rates for the seventh time in a year today, the president –– reeling from criticism about his handling of the economy –– tried to shift the blame to Powell.

Coming a day after Powell instead warned about the tariff war Trump began, and stated, "Without price stability, we cannot achieve the long periods of strong labor market conditions that benefit all Americans,” hinting at no rate reduction on the horizon, Trump flipped out on Truth Social.

ALSO READ: 'Dictatorship, not a town hall': Families 'distraught' as MTG disruptors tased and jailed

Early Thursday, he wrote, "The ECB is expected to cut interest rates for the 7th time, and yet, 'Too Late' Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete 'mess!'"

He then insisted that, "Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now."

Trump also added, "Powell’s termination cannot come fast enough!"

You can see his post here.