Trump again calls on Powell: Should cut interest rates by at least 2 to 3 percentage points

On June 24, US President Trump posted on his social media platform "Truth Social" that "It's too late, sir" Federal Reserve Chairman Jerome Powell will explain in Congress today why he refused to cut interest rates. Europe has cut rates 10 times, while we have done it zero times. There is no inflation, the economy is booming - we should cut by at least 2 to 3 percentage points. It will save the US $800 billion each year.