US President Donald Trump has urged the Federal Reserve to cut interest rates “sooner, rather than later”. In a social media post, Trump criticized Jerome Powell, the head of the central bank, saying he is “Too Late” and will likely make mistakes again.
The tweet suggests that many experts agree with Trump’s stance on rate cuts. However, it is unclear whether Trump’s comments will influence the Fed’s decision-making process. The Federal Reserve typically sets interest rates based on economic conditions, rather than responding to individual politician’s opinions.
Source: https://www.reuters.com/world/us/trump-pushes-us-federal-reserve-rate-cuts-2025-05-17