Trump: Powell was fired too quickly for being too slow in action On April 17th, according to Golden Ten Data, US President Trump stated on social media that he expects the European Central Bank to cut interest rates for the seventh time. However, Federal Reserve Chairman Powell's actions are "too late" as he always acts too late and makes wrong decisions. Yesterday his speech was once again a typical and complete 'mess'! At present, oil prices have fallen, food and grocery prices have also dropped, and the United States is profiting greatly from tariffs. The Federal Reserve should have lowered interest rates a long time ago, just like the European Central Bank. This should have been done a long time ago, and now the Federal Reserve should definitely lower interest rates. Powell's dismissal cannot be too fast!