President Donald Trump escalated his fairly one-sided war of words this week with Federal Reserve Chairman Jerome Powell, whom he nominated for the position in 2017.

“‘Preemptive Cuts’ in Interest Rates are being called for by many,” Trump posted on Truth Social on Monday. “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.”

The stock market and U.S. dollar slid dramatically after Trump’s latest attack on the Fed chairman, and Powell is unlikely to give the president what........

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