Former President Donald Trump called for the Federal Reserve to lower interest rates in a Truth Social post, criticizing Fed Chair Jerome Powell as a “total disaster” and claiming there is “No Inflation.” Recent data showed a 0.1% decline in the August Producer Price Index and nearly 1 million fewer jobs created through March than previously reported. Markets are expecting rate cuts at the Fed’s upcoming meeting, with at least a 25-basis-point reduction anticipated. Powell and other Fed officials have acknowledged risks to employment but are cautious about making quick monetary policy adjustments.

Read more at QuiverQuant: Trump Calls for Immediate Rate Cuts, Slams Powell After Declaring “No Inflation”