After two consecutive days of pressure, Trump again urged Federal Reserve Chairperson Powell to cut interest rates
2025-07-10 16:00:23
US President Donald Trump once again urged Federal Reserve Chairperson Jerome Powell to cut interest rates in a post on the social media platform "Real Social". The day before, Trump posted on the social media platform on the 9th, criticizing the current interest rate policy of the Federal Reserve, saying that the interest rate set by the Federal Reserve is at least 3 percentage points higher, and each percentage point of interest rate is causing the United States to refinance $360 billion a year. According to the US Consumer News and Business Channel, Trump is considering appointing a "shadow chairperson" for the Federal Reserve before Federal Reserve Chairperson Powell leaves office next year to pressure the Federal Reserve to cut interest rates. (CCTV News)
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