Trump calls Fed's rate cut 'too small,' slams Powell, demands deeper cuts

• Trump criticized the Federal Reserve's quarter-point rate cut as "too small," pushing for sharper reductions.
• He argued the Fed is hindering economic growth by keeping borrowing costs unnecessarily high due to inflation fears.
• Trump criticized Fed Chair Jerome Powell, calling him a "stiff" and "deadhead," and intends to replace him.
• The President indicated that a willingness to slash interest rates would be a litmus test for Powell's successor.
• Federal Reserve Governor Stephen Miran, a former Trump adviser, was the only one to vote for a half-point reduction.

Why It Matters: Presidential pressure on the Fed could alter economic policy and leadership.