Trump: 'Mr. Too Late' Powell is a disgrace to the United States and should cut interest rates by 250 basis points According to Jin Shi, US President Trump said, "Mr. Powell has caused our country to lose hundreds of billions of dollars. He is indeed one of the dumbest and most destructive people in the government, and the Federal Reserve Board is complicit. Europe has already cut interest rates 10 times, while we haven't. Our interest rates should have been lowered by 2.5 percentage points (250 basis points) to save billions of dollars on Biden's short-term debt. Our inflation rate is very low! Mr. Too Late "is a disgrace to the United States