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Trump pushes US Federal Reserve for rate cuts, criticizes Powell

  • President Donald Trump criticized Federal Reserve Chair Jerome Powell on May 17, 2025, for not lowering interest rates promptly in Washington, D.C.
  • Trump's criticism follows the Fed's decision in early May to keep interest rates steady at 4.25%–4%, marking the third such pause amid inflation concerns.
  • Trump labeled Powell a fool and said the consensus urges the Fed to cut rates sooner to avoid harming economic progress as inflation cools.
  • Trump expressed that the majority opinion favors the Federal Reserve reducing interest rates promptly instead of delaying such action, highlighting growing pressure for a rate cut.
  • Trump's comments heightened pressure on the Fed, influencing cryptocurrency markets like Bitcoin, which showed notable price gains amid increased investor attention.
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21 Articles

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U.S. NewsU.S. News
+3 Reposted by 3 other sources
Lean Left

Trump Pushes US Federal Reserve for Rate Cuts, Criticizes Powell

·New York, United States
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ReutersReuters
+5 Reposted by 5 other sources
Center

Trump pushes US Federal Reserve for rate cuts, criticizes Powell

President Donald Trump on Saturday said in a social media post the U.S. Federal Reserve should cut rates "sooner, rather than later."

·United Kingdom
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  • 45% of the sources are Center
45% Center
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regionalmedianews.com broke the news in on Saturday, May 17, 2025.
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