Trump Calls for Federal Reserve Rate Reductions

United States President Donald Trump made a compelling case for lower interest rates during his meeting with British Prime Minister Keir Starmer in Scotland. Highlighting the economic strategies of Europe and other regions, Trump emphasized the need for the Federal Reserve, under Chair Jerome Powell, to implement significant rate cuts to sustain the US's economic momentum.

Comparing Global Economic Strategies

Trump pointed out, "In Europe, they had 11 cuts, in other places they had 10 or 11 cuts, and we had none." He argued that reducing the interest rate by "three points lower" could equate to "$360 billion in savings" per point, showcasing his belief in the power of monetary policy to influence economic growth.

A Personal Appeal to Powell

Concluding his remarks, Trump expressed his confidence in Powell's ability to make the right decision, stating, "He should cut, a smart person would cut." He also shared a personal note, saying he would miss Powell "greatly" after his term ends, blending policy with personal sentiment.