President Donald Trump urged the Federal Reserve on Friday to slash interest rates by a full percentage point, referencing recent rate cuts in Europe and taking a jab at Fed Chairman Jerome Powell in the process.
“’Too Late’ at the Fed is a disaster! Europe has had 10 rate cuts, we have had none. Despite him, our Country is doing great. Go for a full point, Rocket Fuel!” Trump wrote on his Truth Social platform.
This latest demand comes just two days after a similar message from Trump, who reacted immediately to weak job data released by payroll processor ADP, calling on Powell to respond with aggressive rate cuts, according to CNBC.
“ADP NUMBER OUT!!! ‘Too Late’ Powell must now LOWER THE RATE,” Trump posted, also stating that Powell is “unbelievable” and pointing out that “Europe has lowered NINE TIMES!”
According to The Economic Times, Fed officials have emphasized that rising inflation remains a more significant concern than the recent slowdown in hiring.
The central bank is expected to maintain its current interest rate range of 4.25% to 4.50% during its upcoming meetings on June 17–18. The rates were left unchanged last month and have held steady since December.
Fed officials have expressed caution over making any immediate changes, with some attributing their hesitation to uncertainties surrounding Trump’s tariff policies, signaling that a rate shift may not be imminent.
Last week, White House press secretary Karoline Leavitt addressed the issue, saying Trump “did say that he believes the Fed chair is making a mistake by not lowering interest rates, which is putting us at an economic disadvantage to China and other countries.”

{Matzav.com}