New Delhi, April 17 -- President Donald Trump on Thursday ratcheted up his criticism against Federal Reserve Chair Jerome Powell, calling for his "termination" for not cutting interest rates quickly enough. US President Trump argued that the US central bank should have lowered interest rates already this year, and in any case should do so now.

Trump lambasted Powell for what he perceives as a tardy and misguided approach to monetary policy, particularly his reluctance to reduce interest rates sooner.

"Powell should have lowered rates, like the European Central Bank, long ago, but he certainly needs to do so now," Trump asserted, dismissing Powell's recent report as "another, and typical, complete mess."

The Federal Reserve's key intere...