Trump Challenges Fed: A Renewed Call for Rate Cuts
President Donald Trump has reiterated his demand for the Federal Reserve to slash interest rates by 2.5 percentage points. Trump criticized Fed Chair Jerome Powell, claiming that current rates are costing the U.S. billions. This follows the Fed's decision to maintain steady rates within the 4.25% to 4.5% range.
Devdiscourse News Desk | Washington DC | Updated: 19-06-2025 19:44 IST | Created: 19-06-2025 19:44 IST
- Country:
- United States
On Thursday, President Donald Trump renewed his demand for the Federal Reserve to make a significant cut to interest rates, suggesting they should be reduced by 2.5 percentage points.
Trump's critique was directed at Federal Reserve Chair Jerome Powell, blaming him for costing the U.S. economy hundreds of billions of dollars due to what he considers excessively high rates.
This demand follows the Federal Reserve's decision to keep interest rates steady, currently set within the 4.25% to 4.5% range, a decision made public on Wednesday.
(With inputs from agencies.)
Advertisement
Google News