Says Prices of Gas, Energy, and Groceries Are Down; Slams Fed Chair Powell Again
Washington, D.C., May 14, 2025 — Former U.S. President Donald Trump has once again called on the Federal Reserve to lower interest rates, asserting that inflation is no longer a concern. In a late-night post on his social media platform, Truth Social, Trump stated that prices for gasoline, energy, groceries, and nearly everything else have come down, and it is now time for the Fed to act.
“There is no inflation anymore, and the prices of gasoline, energy, groceries, and almost everything have gone down!” Trump wrote. “The Fed must now lower rates, just as Europe and China have already done.”
Renewed Criticism of Fed Chair Jerome Powell
Trump also targeted Federal Reserve Chairman Jerome Powell, labeling him “Too Late Powell” and accusing him of holding back the U.S. economy. “What’s wrong with ‘Too Late Powell’? This is an injustice to America, which is now ready to bloom fully. Let it happen — it’ll be a beautiful thing!” Trump said in his post.
This isn’t the first time the former president has criticized Powell or the Federal Reserve’s monetary policy decisions. Trump has consistently advocated for lower interest rates, arguing that they would boost the U.S. economy, especially in a global environment where many major economies have already opted for monetary easing.
Fed Holds Its Ground as Inflation Still a Concern
Despite Trump’s claims, the Federal Reserve has not signaled any imminent plans to reduce interest rates. Over the past two years, the Fed has raised rates multiple times in a bid to control inflation, which reached historic highs in the post-pandemic economic recovery phase.
While some recent indicators suggest a deceleration in inflation, the Fed remains cautious. Officials have reiterated their data-dependent approach, suggesting they need sustained evidence of inflation returning to the 2% target before initiating any rate cuts.
Global economic conditions remain mixed. While central banks in Europe and China have recently implemented rate cuts to stimulate growth, the U.S. economy is still showing signs of labor market strength and consumer spending resilience, factors that the Fed takes into account when setting monetary policy.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
