US President Donald Trump on Wednesday reiterated his call for Federal Reserve Chairman Jerome Powell to cut benchmark interest rates.The Federal Reserve will likely resume cutting short-term rates next week and continue on for the rest of the year to shore up a labour market that may have begun cooling well before President Donald Trump began imposing sharply higher tariffs.
In his post on Truth Social, Trump said, Just out: No Inflation!!! “Too Late” must lower the RATE, BIG, right now. Powell is a total disaster, who doesn’t have a clue!!! President DJT
Coupled with recent labour market data that shows monthly employment gains have slowed even further, the report “gives the Fed another reason to lower rates,” BMO economist Sal Guatieri wrote, and likely cements the case for more rate cuts by year-end than the two that Fed policymakers had projected back in June.After the data, traders stuck to their overwhelming bets that the Fed will reduce the policy rate from its current 4.25%-4.50% by a quarter of a percentage point at the central bank’s September 16-17 meeting, and for a similar reduction at the Fed’s following meeting in October.
In his post on Truth Social, Trump said, Just out: No Inflation!!! “Too Late” must lower the RATE, BIG, right now. Powell is a total disaster, who doesn’t have a clue!!! President DJT
Coupled with recent labour market data that shows monthly employment gains have slowed even further, the report “gives the Fed another reason to lower rates,” BMO economist Sal Guatieri wrote, and likely cements the case for more rate cuts by year-end than the two that Fed policymakers had projected back in June.After the data, traders stuck to their overwhelming bets that the Fed will reduce the policy rate from its current 4.25%-4.50% by a quarter of a percentage point at the central bank’s September 16-17 meeting, and for a similar reduction at the Fed’s following meeting in October.
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(Edited by : Juviraj anchil)
First Published: Sept 11, 2025 12:44 PM IS
