US President Donald Trump has increased pressure on Federal Reserve Chairman Jerome Powell to cut interest rates by 1 percentage point, calling it “Rocket Fuel” for the economy. In a tweet, Trump said he finds it “Too Late” at the Fed and urged Powell to take bold action. The Fed has been under scrutiny from Trump over its handling of monetary policy, with the President repeatedly expressing his desire for lower interest rates to boost economic growth.
Source: https://www.bloomberg.com/news/articles/2025-06-06/trump-pressures-fed-s-powell-to-cut-rates-a-full-point