U.S. President Donald Trump ripped a new one against Federal Reserve Chair Jerome Powell, saying the latter is "costing the country a fortune", this time after the ECB slashed its monetary policy. "'Too Late' at the Fed is a disaster!

The European Central Bank should stop cutting interest rates at every meeting and instead keep its powder dry given an uncertain economic outlook, ECB policymaker Martins Kazaks told Reuters. The ECB cut rates for the seventh time in a row on Thursday to prop up a euro zone economy that was struggling even before erratic U.

The European Central Bank cut its key interest rate to the lowest level since early 2023, a response to slowing inflation and threats to growth from President Trump’s trade war. The move deepens a divergence with the U.