New Delhi, Aug. 12 -- US President Donald Trump took aim at Federal Reserve Chair Jerome Powell on Tuesday (August 12), urging him to lower interest rates immediately. Writing on Truth Social, Trump said: "Jerome 'Too Late' Powell must NOW lower the rate. Steve 'Manouychin' really gave me a 'beauty' when he pushed this loser."

Trump accused Powell of consistently acting too slowly on monetary policy, claiming the economic damage was "incalculable." He added: "The damage he has done by always being Too Late is incalculable. Fortunately, the economy is sooo good that we've blown through Powell and the complacent Board."

The President also said he was considering allowing a "major lawsuit" against Powell over what he described as mismanage...