USA Donald Trump has repeatedly called on the Federal Reserve System (FRS) to lower the federal funds rate by one percentage point (100 basis points). For example, in early June 2025, he stated on the social network Truth Social that such a reduction could serve as "rocket fuel" for the US economy, reducing the cost of servicing the national debt, and accused FRS Chairman Jerome Powell of hesitating. Trump argued that inflation in the US at 2.3% in April 2025 allows for such a move, and compared the FRS's policy to that of the European Central Bank, which, according to him, has already carried out several rate cuts. However, the FRS maintains a cautious stance. As of May 2025, the federal funds rate remained in the range of 4.25–4.5%, and the regulator is in no hurry to further ease monetary policy due to concerns about inflationary pressure related to Trump's trade policy, including the tariffs he imposed. Analysts note that strong labor market data (for example, the creation of 139,000 jobs in May 2025) also reduces the likelihood of a sharp rate cut in the near future.
