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.00CopyFacebookXTruthGettrLinkedInTelegramEmailSavePrintFederal 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.Share this articleLeave a commentAndrew MoranAuthorAndrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."Author’s Selected ArticlesVerizon Slashing 13,000 Jobs as US Wireless Carrier RestructuresNov 20, 2025US Economy Created 119,000 New Jobs in September, Topping Market EstimatesNov 20, 2025Nvidia Posts Record Revenues, Reaffirming Market’s AI BoomNov 19, 2025Fed Split Over December Rate Cuts, Raising Economic UncertaintyNov 19, 2025
