India, June 24 -- President Donald Trump blasted Federal Reserve Chair Jerome Powell for no cut in the benchmark interest rate, stressing that Europe has has 10 cuts and the "great economy" US should at least have two to three points lower.

Taking to Truth Social on Tuesday, Trump wrote: "Europe has had 10 cuts, we have had ZERO. No inflation, great economy-we should be at least two to three points lower. Would save the USA 800 Billion Dollars Per Year, plus. What a difference this would make. If things later change to the negative, increase the rate."

Trump has repeatedly called for Powell's termination and openly attacked him for failing to lower interest rates.

Higher interest rates, in the view of the president, are needlessly impe...