President Donald Trump on Thursday wrote that Federal Reserve Chairman Jerome Powell has refused to cut interest rates, which is hurting the American economy and costing the country hundreds of billions of dollars in interest expense. The president wrote on Truth Social:Jerome “Too Late” Powell again refused to cut interest rates, even though he has absolutely no reason to keep them so high. We should have a substantially lower rate now that even this moron admits inflation is no longer a problem or threat. The Fed should substantially lower interest rates, NOW! Trump added, “Commensurate with this strength, both financial and otherwise, WE SHOULD BE PAYING LOWER INTEREST RATES THAN ANY OTHER COUNTRY IN THE WORLD!