Trump Demands Rate Cuts After GDP Beats Forecasts: Will Powell Lower Rates Today?

President Donald TRUMP has intensified pressure on Federal Reserve Chair Jerome Powell following stronger-than-expected U.S. GDP growth of 3% in Q2. Trump's public demand for immediate rate cuts—voiced via Truth Social—highlights his ongoing criticism of Powell's perceived hesitancy. "No Inflation! Let people buy, and refinance, their homes!" he declared, reiterating his "Too Late" moniker for the Fed chair.

Despite Trump's push, markets anticipate no immediate action at today's Fed meeting, with rates expected to hold at 4.25%-4.50%. However, CME data shows a 65% probability of a September cut. Powell's press conference will be scrutinized for signals of future policy shifts, as the Fed balances political pressure against economic indicators showing easing inflation.