President Donald Trump is calling on the Federal Reserve to aggressively cut interest rates, saying a full percentage point reduction is needed to boost the economy and lower borrowing costs.
“‘Too Late’ at the Fed is a disaster!” Trump posted Tuesday on Truth Social, referring to Fed Chair Jerome Powell. “Europe has had 10 rate cuts, we have had none. Despite him, our Country is doing great. Go for a full point, Rocket Fuel!”
In a follow-up post, Trump criticized the Fed for missing an opportunity to refinance U.S. debt: “If ‘Too Late’ at the Fed would cut, we would greatly reduce interest rates… Biden went mostly short term.” He claimed inflation is no longer a concern and advocated raising rates only if inflation returns.
Trump has repeatedly attacked Powell in his second term, accusing him of being slow to respond while other global central banks act more swiftly.
