Trump Urges Fed to Slash Rates by 100 Basis Points, Citing Economic Constraints

Former President Donald TRUMP escalated his pressure campaign on Federal Reserve Chair Jerome Powell, demanding an immediate 1 percentage point rate cut to "rocket fuel" the U.S. economy. The call came hours after May's jobs report showed 139,000 new positions—surpassing expectations of 125,000.

Trump's Truth Social post accused Powell of "costing our Country a fortune" through restrictive monetary policy, insisting borrowing costs should be "MUCH LOWER" despite current economic growth. The critique continues Trump's longstanding feud with the Fed chair, whom he blames for artificially constraining economic potential.

Markets remain skeptical of dramatic Fed action. Traders price in near-zero probability of even a modest cut at this month's meeting, let alone the unprecedented 100 basis point reduction Trump advocates. The last single-meeting cut of that magnitude occurred in March 2020 as COVID-19 lockdowns began.