TLDR

Donald Trump has called on the Federal Reserve to lower interest rates ahead of today’s FOMC meeting.
He stated that lower rates would help the government buy debt at a lower cost.
Trump believes interest rates should already be two percentage points lower than current levels.
According to market data, the Federal Reserve is expected to keep rates unchanged between 4.25% and 4.5%.
Despite his criticism, Trump confirmed he does not plan to remove Fed Chair Jerome Powell.

Donald Trump’s push for lower interest rates comes just hours before a key Federal Reserve decision. He continues to press for policy changes, arguing that lower borrowing costs will strengthen the economy. Despite expectations of no rate change today, Trump maintains public pressure on the central bank.

Donald Trump Demands Lower Rates Despite Fed’s Expected Hold

Donald Trump renewed his demand for interest rate cuts during a public event at the White House. He said lower rates would help reduce government debt costs while pushing for quicker Fed action. However, the Federal Reserve is widely expected to keep the benchmark rate steady between 4.25% and 4.5%.

Trump’s comments came just before the FOMC’s official statement, which was scheduled for 2 p.m. ET, followed by Jerome Powell’s press briefing. He believes rates should already be at least two percentage points lower than current levels. Trump also mentioned that a 2.5-point reduction would further support the economy.

.@POTUS on negotiations with Iran: “Nothing is too late. The only thing too late is Powell.” pic.twitter.com/g7x5b9u8Gw

— Rapid Response 47 (@RapidResponse47) June 18, 2025

Although Trump is calling for cuts, he stated that the Fed would likely not lower rates today. He criticized Fed Chair Jerome Powell, accusing him of delaying action for too long. Despite criticism, Donald Trump confirmed he does not intend to fire Powell.

Fed Chair Powell Faces Sharp Criticism from Trump

Donald Trump has again criticized Jerome Powell’s leadership of the Federal Reserve. He claimed Powell is performing poorly and said the Fed has acted too slowly on rate adjustments. Trump emphasized that stronger policy decisions could have already improved economic conditions.

He said Powell is not motivated by political bias but accused him of personal hostility. Trump claimed that despite repeated pressure, Powell has refused to move on with the rate cuts. He humorously suggested he could run the Fed himself and do a better job.

Trump’s calls for lower rates contrast with market expectations based on CME FedWatch data. The data shows a 99.9% probability that rates will remain unchanged after today’s FOMC meeting. Despite this, Donald Trump continues to urge immediate action from the central bank.

Donald Trump remains focused on delivering his economic message ahead of the Federal Reserve’s policy update. His continued push suggests he sees rate cuts as central to his strategy. With the Fed’s decision due shortly, attention turns to how Powell responds.

 

The post Donald Trump Presses Fed to Cut Rates Ahead of Key FOMC Decision appeared first on CoinCentral.

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Filed under: News - @ June 18, 2025 5:25 pm