U.S. President Donald Trump said Thursday that Federal Reserve Chair Jerome Powell’ s termination “cannot come fast enough” as he reiterated his frustration that the Fed hasn’t aggressively cut interest rates.

Trump’s call for Powell’s ousting comes after the markets tumbled in response to his comments yesterday that tariffs could spur price hikes and further weaken the economy. Trump’s post also came shortly after the European Central Bank lowered rates by a quarter point this morning,

Handbags, scarves and other goods sold in the United States by French luxury brand Hermes will cost more in May due to tariffs imposed by President Donald Trump.

The French luxury giant will look to "fully offset" the impact of blanket 10% tariffs with price hikes from May 1, it said Thursday.

We’re very attached to our production where it is,” executive chair Axel Dumas previously said of Hermès's manufacturing.