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Trump calls out to Powell again: Should cut interest rates by at least 2 to 3 percentage points.
On June 24, U.S. President Trump posted on his social media platform “Real Social” that “Mr. Too Late” Federal Reserve Chairman Jerome Powell will explain in Congress today why he refused to lower interest rates. Europe has cut rates 10 times, and we have zero. There is no inflation, the economy is booming – we should reduce it by at least 2 to 3 percentage points. It will save the United States $800 billion a year.