[Trump Calls on Powell Again: Should Drop Interest Rates by at Least 2 to 3 Percentage Points] U.S. President Trump stated on his social media platform "Truth Social" that, "Too late, Mr. The Federal Reserve (FED) Chairman Jerome Powell will explain in Congress today why he refuses to drop the interest rate. Europe has dropped rates 10 times, while we have done so zero times. There is no inflation, the economy is booming - we should at least drop by 2 to 3 percentage points. This will save the U.S. $800 billion each year.
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Trump again calls out Powell: interest rates should be cut by at least 2 to 3 percentage points
[Trump Calls on Powell Again: Should Drop Interest Rates by at Least 2 to 3 Percentage Points] U.S. President Trump stated on his social media platform "Truth Social" that, "Too late, Mr. The Federal Reserve (FED) Chairman Jerome Powell will explain in Congress today why he refuses to drop the interest rate. Europe has dropped rates 10 times, while we have done so zero times. There is no inflation, the economy is booming - we should at least drop by 2 to 3 percentage points. This will save the U.S. $800 billion each year.