Economy

Fed Interest Rate Cut Would be ‘Jet Fuel’ for US Economy, Trump Says

The Federal Reserve voted on May 7 to leave interest rates unchanged for the third straight meeting.
Fed Interest Rate Cut Would be ‘Jet Fuel’ for US Economy, Trump Says
Federal Reserve Chairman Jerome Powell testifies before the House Committee on Monetary Policy in Washington on Feb. 12, 2025. Madalina Vasiliu/The Epoch Times
Andrew Moran
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President Donald Trump says the Federal Reserve cutting interest rates would be “jet fuel” for the U.S. economy.

Throughout May 8, Trump took aim at Fed Chair Jerome Powell on social media and at a White House event announcing a new U.S.–UK trade agreement.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."