The U.S. economy could slow unless interest rates are lowered immediately, President Donald Trump said on Monday, repeating his criticism of Federal Reserve Chair Jerome Powell, who says rates should not be lowered until it is clearer Trump's tariff plans won't lead to a persistent surge in inflation.

President Donald Trump again reiterated his criticism of Fed Chair Jerome Powell as he called for lower interest rates.In a post on Truth Social Monday morning, Trump claimed, without evidence, that "preemptive cuts" were being called for "by many" now that the economy was facing what he described as "virtually No Inflation.

Wonder why President Donald Trump is attacking the Federal Reserve chairman and demanding lower interest rates now? Well, lots of Wall Street forecasters are convinced the U.S. economy is headed for big trouble due to the trade wars.