Trump Urges 100 Basis Point Rate Slash for Economic Stimulation

U.S. President Donald Trump is pushing the Federal Reserve to reduce interest rates significantly, requesting a reduction of 100 basis points ahead of the upcoming FOMC meeting. While Trump’s call for an aggressive rate cut has been met with caution by Fed Chair Jerome Powell and committee members, he maintains that such a move would inject fuel into the struggling U.S. economy. This echoes previous calls from Trump for similar reductions in interest rates.