Trump Urges Fed Chair Powell to Cut Interest Rates, Citing $800 Billion Savings and European Rate Cuts

US President Trump criticized Federal Reserve Chairman Jerome Powell on his social media platform, Truth Social, highlighting the Fed’s reluctance to reduce interest rates. Trump emphasized that while European central banks have implemented ten rate cuts, the US has yet to follow suit. He argued that lowering rates by 2 to 3 percentage points could enhance economic growth and curb inflation, potentially saving the country up to $800 billion annually. This commentary comes amid ongoing debates about the Federal Reserve’s monetary policy strategy and its impact on the broader financial markets. Investors and analysts are closely monitoring these developments, as interest rate decisions remain pivotal for the cryptocurrency sector and traditional markets alike.