US EditionTrump Calls for 2.5-Point Rate Cut, Criticizes Powell
- On Thursday, President Donald Trump posted on Truth Social attacking Federal Reserve Chair Jerome Powell and called for a 2.5-point interest rate cut.
- Trump accused Federal Reserve Chair Jerome Powell of causing the nation to lose hundreds of billions of dollars and criticized the Fed Board for enabling his actions amid uncertain inflation impacts related to tariffs.
- Despite Trump's calls for a large cut, the Fed maintained rates between 4.25% and 4.5% on Wednesday and expects two quarter-point cuts this year to lower rates near 3.75% to 4%.
- Powell refused to respond to Trump's criticisms, stating he is focused on the Fed's dual mandate of low inflation and strong job growth amid an economy with uncertain tariff effects.
- The dispute suggests tension over monetary policy, with Trump pushing for aggressive easing while the Fed signals a cautious approach due to inflation uncertainties and economic strength.
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U.S. President Donald Trump reiterated Thursday his calls for the Federal Reserve (Fed) to cut interest rates, stating that these should be 2.5 percentage points lower."Jerome Powell is costing our country hundreds of billions of dollars....We should be 2.5 points lower," he said in a publication on the Truth Social network, referring to the Federal Reserve president.The Fed kept the reference rate to a day unchanged on Wednesday, in the range o…
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Total News Sources20
Leaning Left1Leaning Right0Center17Last UpdatedBias Distribution94% Center
Bias Distribution
- 94% of the sources are Center
94% Center
C 94%
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