PANews June 24 news, according to Jin Shi reported, U.S. President Trump stated on his social media platform 'Truth Social' that 'it's too late, sir' Federal Reserve Chairman Jerome Powell will explain today in Congress why he refused to lower interest rates. Europe has lowered rates 10 times, while we have done so zero times. There is no inflation, the economy is booming - we should at least lower by 2 to 3 percentage points. This would save the U.S. $800 billion each year.