Trump: "Fed's response is too late...Cut interest rates by 1%p"

President Donald Trump of the United States sharply criticized the monetary policy stance of the U.S. central bank, the Federal Reserve (Fed), urging a full 1% point cut in the benchmark interest rate.

On the 6th (local time), President Trump stated on his social platform Truth Social that "the Fed's 'Too Late' response is a disaster," and pointed out, "Europe has already lowered rates ten times, but we haven't lowered them even once yet."

He added, "Despite having Powell, the U.S. is performing excellently," emphasizing, "Now is the time to implement a full 1% point rate cut. That would be rocket fuel (Rocket Fuel)."

Trump also said, "If the Fed cuts rates before it's too late, the U.S. can significantly reduce both short- and long-term interest costs on maturing debt," adding, "Now, inflation has virtually disappeared, and if it reappears, rates can simply be raised at that time."

Recently, President Trump has repeatedly praised the recovery of the U.S. economy, but he has also argued that the Fed's tightening stance could constrain growth. This statement is interpreted as raising the level of political pressure on Chair Powell.