On April 21, Trump stated on social media: "Many are calling for 'preemptive rate cuts'. With energy costs dropping significantly, food prices (including Biden's egg disaster!) dropping sharply, and most other 'things' trending downward, there is actually no inflation. As these cost trends are so good, as I predicted, there will be almost no inflation, but the economy might slow down unless 'Mr. Too Late' (referring to Federal Reserve Chairman Powell), a major loser, lowers rates now. Europe has already 'cut' seven times. Powell is always 'late', except during election periods when he cut rates to help sleepy Joe Biden (later Kamala) get elected. What were the results?"
Trump: There is almost no inflation, Mr. Too Late should cut interest rates
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