EconomyFed Interest Rate Cut Would be ‘Jet Fuel’ for US Economy, Trump SaysThe Federal Reserve voted on May 7 to leave interest rates unchanged for the third straight meeting.SaveMark Us Preferred on GooglePrintFederal Reserve Chairman Jerome Powell testifies before the House Committee on Monetary Policy in Washington on Feb. 12, 2025. Madalina Vasiliu/The Epoch TimesAndrew Moran5/9/2025|Updated: 5/9/20250:00X 1President 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.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.
