Trump calls Fed chair Jerome Powell a 'major loser' as he demands interest rate cuts: Live updates

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By JON MICHAEL RAASCH FOR DAILYMAIL.COM

Published: 07:59 EDT, 21 April 2025 | Updated: 10:23 EDT, 21 April 2025

President Donald Trump escalated his attacks on Federal Reserve chair Jerome Powell on Monday.

He berated the head of the fiercely independent central bank for not cutting interest rates.

Trump warned on social media there could be 'a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW.'

Meanwhile, the president and First Lady Melania Trump are kicking off the White House's annual Easter egg roll on the South Lawn. 

The cherished event comes hours after Pope Francis passed away at the Vatican after a long health battle.

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Trump demands 'major loser' Jerome Powell cut interest rates

President Donald Trump savaged Federal Reserve chair Jerome Powell on Monday.

Writing on Truth Social the president called Powell a 'major loser' and Mr. Too Late.'

"Preemptive Cuts" in Interest Rates are being called for by many. With Energy Costs way down, food prices (including Biden’s egg disaster!) substantially lower, and most other “things” trending down, there is virtually No Inflation.

With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW. Europe has already “lowered” seven times. Powell has always been “To Late,” except when it came to the Election period when he lowered in order to help Sleepy Joe Biden, later Kamala, get elected. How did that work out?

Melania prepares to open the White House for the Easter egg roll

Breaking:JD Vance breaks his silence after meeting with Pope Francis hours before his death

JD Vance broke his silence on the passing of Pope Francis posting an emotional tribute just hours after the pair met at the Vatican.

Pope Francis died Easter Monday, just a day after meeting with Vance as he attempted to mend his rocky relationship with the leader of the Catholic church.

'I just learned of the passing of Pope Francis. My heart goes out to the millions of Christians all over the world who loved him,' Vance wrote on X.

'I was happy to see him yesterday, though he was obviously very ill. But I’ll always remember him for the below homily he gave in the very early days of COVID. It was really quite beautiful. May God rest his soul.'

Vance linked to a video of a homily the pope delivered at St. Peter's Basilica in March 2020 where he spoke of how to follow Jesus out of the 'darkness' of the pandemic.

Pete Hegseth's former staffer and close ally reveals the 'full-blown meltdown' inside the Pentagon

A former Pentagon spokesman and close ally of Pete Hegseth has aired out dirty laundry about the 'full-blown meltdown' that his old boss should be terminated for.

Pope Francis's final meeting included awkward moment with JD Vance

Pope Francis died Easter Monday, just a day after meeting with US Vice President JD Vance as he attempted to mend his rocky relationship with the leader of the Catholic church.

The 88-year-old Pontiff and Vance had an awkward exchange at the Vatican on Easter Sunday after Francis slammed the Trump administration's treatment of illegal migrants.

It came just one day after Vance, an adult Catholic convert, appeared to have been snubbed by the Pontiff and forced to meet with the Vatican secretary of state, Cardinal Pietro Parolin, and the foreign minister, Archbishop Peter Gallagher.

Donald Trump releases short message on Pope Francis' death

Rest in Peace Pope Francis! May God Bless him and all who loved him!

Vance attempted to mend his rocky relationship with the leader of the Catholic church.

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