FILE PHOTO: U.S. President Donald Trump points to a document as Federal Reserve Chair Jerome Powell fact-checks the numbers on it during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. REUTERS/Kent Nishimura/File Photo

WASHINGTON (Reuters) -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.

(Reporting by Katharine Jackson; editing by Susan Heavey)