Trump pushes Fed chairman to cut interest rates in all-caps Truth Social tirade: ‘STOP PLAYING POLITICS!’

Donald Trump turned to his social media platform Friday to apply pressure on Jerome Powell, imploring the Federal Reserve chairman to cut interest rates in an all-caps tirade as the stock market slide since the president’s tariff announcement continued.

“This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always ‘late,’ but he could now change his image, and quickly,” Trump posted to Truth Social.

“Energy prices are down, Interest Rates are down, Inflation is down, even Eggs are down 69%, and Jobs are UP, all within two months – A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!”

Trump’s post came as the S&P 500 was down 5% in morning trading, coming off its worst day since COVID wrecked the global economy in 2020.

The Dow Jones Industrial Average was down 1,656 points, or 4.2%, as of 10:50 a.m. Eastern time, and the Nasdaq composite was 5.5% lower, according to the Associated Press.

The president’s directive at Powell — the Federal Reserve operates independently — wasn’t the only all-caps tirade Trump had on Friday.

After China matched Trump’s big raise in tariffs in an escalating trade war, Beijing became the target of the president’s wrath.

“CHINA PLAYED IT WRONG, THEY PANICKED – THE ONE THING THEY CANNOT AFFORD TO DO!” the president posted.

On Thursday, the president claimed the tariffs were going swimmingly despite Wall Street’s harsh reaction to the policy.

“I think it’s going very well. It was an operation, like when a patient gets operated on. It’s a big thing. I said this would be exactly the way it is,” Trump said.

The Associated Press contributed to this report.