President Donald Trump criticized Federal Reserve Chair Jerome Powell for waiting too long to lower borrowing costs, saying any move toward an interest-rate cut now would come "too late." In brief comments on Thursday, Trump said Powell "should have cut the rate a year ago," adding that a belated signal of easing would not deliver the intended economic support. Trump’s remarks increase political pressure on the Fed at a moment when investors are weighing whether policymakers will reverse the sharp rate hikes that began in 2023. Powell earlier indicated he is open to reducing rates if inflation continues to cool, but has not set a timeline. The Fed’s next policy meeting is scheduled for September.