Donald Trump has attacked the head of the US central bank for not cutting interest rates, stating that Jerome Powell's "termination cannot come fast enough!". The US president took to social media to renew his criticism of Powell ahead of the third interest rate cut this year by European Central Bank (ECB).

The Federal Reserve is now under growing pressure to cut interest rates and pump cash into the financial system at its next scheduled meeting later today, as fears of a full-blown market crash and recession spread across global markets.

Truth Social post, President Donald Trump continued blasting Federal Reserve Chair Jerome Powell while calling for interest rate cuts