Trump demands Fed chair cut interest rates 'immediately'

ISTANBUL

US President Donald Trump demanded on Thursday that the Federal Reserve cut interest rates “immediately,” criticizing Jerome Powell for waiting until the central bank’s next policy meeting.

“Where is the Federal Reserve Chairman, Jerome ‘Too Late’ Powell, today? He should be dropping Interest Rates, IMMEDIATELY, not waiting for the next meeting!” Trump wrote on his Truth Social platform.

The remarks are the latest criticism from Trump toward the Federal Reserve’s leadership as the administration pushes for looser monetary policy to support economic growth and financial markets.

Powell has repeatedly emphasized that the central bank’s decisions are based on incoming economic data, and are typically made during scheduled meetings of the Federal Open Market Committee (FOMC).

The Fed has maintained a cautious stance on rate cuts in recent months as officials monitor inflation trends, labor market conditions and financial stability risks.

Trump has frequently criticized Powell’s policy approach, arguing that the Fed has been slow to respond with interest-rate reductions.

The latest comments come amid heightened volatility in global markets and growing debate among investors about the timing of potential US monetary easing.