US President Trump has once again pressured Federal Reserve Chairman Jerome Powell, demanding bold interest rate cuts, despite the latest US jobs report performing better than expected. He called for the Fed to immediately cut rates by one percentage point, claiming it would inject “rocket fuel” into the economy.
“A whole point cut in interest rates, rockets take off!”
After the Labor Department released strong employment data, Trump said in a June 7 post via Truth Social that the Fed should take more aggressive action, “Go for a full point, Rocket Fuel!” He stressed that even if the economy performs well, further rate cuts are still necessary.
Criticizing Powell as usual: The economy thrives “despite him.”
Trump did not forget to reiterate his dissatisfaction with Powell, calling him “Mr. Too Late” at the Fed, and criticized him for making the Federal Reserve a “disaster.” Trump stated that the prosperity of the U.S. economy is “despite him, not because of him.”
This article Trump calls on the Federal Reserve (FED): Despite strong employment data, it should still “cut interest rates by one percentage point at a time” first appeared in Chain News ABMedia.
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