Summary
- U.S. President Donald Trump again urged a big cut to the benchmark interest rate.
- President Trump said a larger rate cut than Jerome Powell, Chair of the Federal Reserve, thinks is necessary.
- From the 16th, the Federal Open Market Committee (FOMC) is expected to discuss whether to cut the benchmark interest rate.
U.S. President Donald Trump once again urged a big cut to the benchmark interest rate. A big cut refers to lowering the benchmark interest rate by 50bp or more.
On the 15th (local time), U.S. President Donald Trump said on Truth Social, "It's too late. The rate must be cut now," and added, "It should be lowered by a larger amount than Jerome Powell, Chair of the Federal Reserve, thinks."
Meanwhile, the Federal Open Market Committee (FOMC) meeting that will decide whether to cut the benchmark interest rate is scheduled to begin on the 16th. The benchmark interest rate will be announced on the 18th at 03:00 (KST).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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