US President Donald Trump on July 13 said it would be a great thing if Federal Reserve chairman Jerome Powell stepped down.<br /><br />The Fed last cut interest rates in December last year and since then has left them in the range of 4.25% to 4.50% as officials wait to see if inflation strengthens in the wake of Trump's global wave of tariffs. <br /><br />The Fed is broadly expected to resume cuts in September, but Trump has said the Fed's policy rate should be lowered sharply now.<br /><br />WATCH MORE: https://thestartv.com/c/news<br />SUBSCRIBE: https://cutt.ly/TheStar<br />LIKE: https://fb.com/TheStarOnline<br />
