For two consecutive days of pressure, Trump urged Fed Chairman Powell to cut interest rates.

Golden Finance reported that U.S. President Trump posted on the social media platform “Truth Social” again urging Fed Chairman Powell to cut interest rates. The day before, Trump posted on the social media platform on the 9th, criticizing the Fed’s current interest rate policy, stating that the rate set by the Fed is at least 3 percentage points too high, and that each percentage point of interest costs the U.S. $360 billion in refinancing costs annually. According to reports from U.S. Consumer News and Business Channel, Trump is considering appointing a “shadow chairman” for the Fed before Chairman Powell’s departure next year to pressure the Fed into cutting rates. (CCTV News)