Trump ups pressure for Fed chair Powell to cut rates ‘right now’
“What’s a better time to cut interest rates than now? A third-grade student would know that,” said US President Donald Trump.
US President Donald Trump has again pressured the Federal Reserve to cut interest rates immediately, saying at a White House meeting that they should have a “special meeting” to reduce rates.
“What’s a better time to cut interest rates than now? A third-grade student would know that,” Trump added, according to videos shared on X.
Trump has reiterated his calls for lower rates after stating on Truth Social on Thursday that the Federal Reserve chair “should be dropping interest rates, IMMEDIATELY.”