Trump Calls for Immediate and Larger Interest Rate Cut

Kokcha News Agency** — U.S. President Donald Trump has once again called on the Federal Reserve (Fed) to slash interest rates more aggressively than anticipated, taking to his Truth Social platform to voice his concerns. Trump, who has repeatedly criticized Fed Chair Jerome Powell for being “too late” in adjusting monetary policy, stated that the central bank should act now to stimulate the housing market.

In his post, Trump wrote, “The ‘Too Late’ Fed should cut rates now and larger than anyone thought. The housing market will skyrocket.” This comes as the Federal Open Market Committee (FOMC) prepares to begin its two-day meeting tomorrow, with its decisions set to be announced on Wednesday.

Market expectations are heavily leaning toward a 25-basis-point cut in the federal funds rate, which currently stands at 4.25%-4.50%. Trump’s latest remarks reflect his ongoing frustration with the Fed’s monetary policy, which he has frequently blamed for slowing economic growth during his presidency.

Trump has long been a vocal critic of Powell, whom he appointed as Fed Chair in 2018. Despite Powell’s efforts to stabilize the economy through rate hikes and cuts, Trump has accused him of being too slow to act, often referring to him as “too late” to make necessary adjustments.

The former president’s call for a more aggressive rate cut comes amid concerns over a potential economic slowdown and the need to boost the housing market, which has shown signs of strain due to higher borrowing costs.