Trump pushes rate cut as Fed meets, second quarter data released
Tweet
Share
E-mail
FILE PHOTO: Federal Reserve Chair Jerome Powell gestures as U.S. President Donald Trump looks on during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. REUTERS/Kent Nishimu
WASHINGTON (Reuters) -President Donald Trump on Wednesday again called on the Federal Reserve to lower benchmark rates after data showed U.S. economic growth rebounded more than expected in the second quarter.
"2Q GDP JUST OUT: 3%, WAY BETTER THAN EXPECTED! “Too Late” MUST NOW LOWER THE RATE. No Inflation! Let people buy, and refinance, their homes!" Trump wrote on Truth Social as the central bank prepared to release its policy statement.
(Reporting by Susan Heavey; Editing by Doina Chiacu)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Banks in talks to lend $15 billion for Anthropic data center backed by Google, WSJ reports
- TSMC is moving in on Intel’s turf; Why Intel is up anyway
- Imports hold back US economic growth in Q2, but domestic demand robust
Create E-mail Alert Related Categories
General News, ReutersRelated Entities
Donald J. TrumpSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
