Trump criticizes Powell for "too late" and calls for a sharp cut of interest rates as inflation cools

President Trump has stepped up criticism of Fed Chairman Powell, demanding an immediate "significant" rate cut after the producer price index (PPI) fell by 0.1% in August. Despite political pressure, Powell remains cautious in the face of economic uncertainty, and the market expects the Federal Reserve to cut interest rates by at least 25 basis points at its policy meeting from September 16 to 17.