US President Donald Trump during a meeting with Chancellor of Germany Friedrich Merz in the Oval Office of the White House on Thursday June 5, 2025.
Demetrius Freeman | The Washington Post | Getty Images
President Donald Trump on Friday urged Federal Reserve Chairman Jerome Powell to slash interest rates by a full percentage point, despite a better-than-expected result from the Labor Department’s latest jobs report.
Trump, who has regularly badgered Powell to cut rates in order to boost the economy, argued for a full-point cut even as he maintained that the country is “doing great.”
“Go for a full point, Rocket Fuel!” Trump wrote on Truth Social.
Trump peppered his latest demand with the same insults he has previously aimed at the central bank chairman.
“‘Too Late’ at the Fed is a disaster!” Trump said of Powell, adding that the U.S. economy was only thriving “despite him.”
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