India, April 17 -- US President Donald Trump on Thursday slammed Federal Reserve Chair Jerome Powell, saying his departure from the central bank "cannot come fast enough" as he renewed calls for immediate interest rate cuts.

Trump, in a post on his social media platform Truth Social, said, "Powell's termination cannot come fast enough."

"Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now," he further wrote.

Trump's comments come a day after Powell said at an event at the Economic Club of Chicago that the Fed's "independence is very widely understood and supported in Washington and in Congress, where it really matters."

On Wednesday, Powell warned that Trump's sweeping tariffs on...