Trump calls the Fed's' Mr. Too Late 'a disaster, and the appointment of the new Fed chairman will soon be announced On June 6th local time, Trump stated in an interview with reporters that the appointment of the next Federal Reserve Chairman will be announced soon, and he has a fairly clear understanding of the candidate. Trump posted on social media that the Fed's "Mr. Too Late" is a disaster. Europe has already lowered interest rates 10 times, while the United States has not lowered them once. Trump said that Federal Reserve Chairman Powell should lower interest rates by a full percentage point. If the Federal Reserve cuts interest rates, the United States can significantly reduce long-term and short-term interest rates on its debt. Trump said that inflation is almost non-existent, and if inflation comes back, he will raise interest rates to deal with it. Trump had previously frequently criticized Powell through social media for the Fed's failure to cut interest rates as he requested, and even threatened to dismiss him, causing high market concerns about whether the Fed could maintain its decision-making independence. On May 29th, Trump met with Powell at the White House. The White House stated that Trump urged the Federal Reserve to cut interest rates, while the Federal Reserve stated that Powell insisted on independently formulating monetary policy. Powell stated that the Federal Reserve will not succumb to political pressure and will focus on combating inflation in the face of the complex economic situation brought about by the Trump administration's recent tariff policies.