Fed chair Powell should make big rate cut now, says Donald Trump

U.S. President Donald Trump on Wednesday reiterated his call for Federal Reserve Chairman Jerome Powell to cut benchmark interest rates. 

"Just out: No Inflation!!! Too Late must lower the RATE, BIG, right now. Powell is a total disaster, who doesn't have a clue!!!," Trump said in a post on Truth Social. The post follows federal government data that showed U.S. producer prices slipped in August.