Trump Pressures Fed to Cut Rates, Citing His Own Monetary Expertise

President Trump publicly pressed the Federal Reserve to slash interest rates, claiming he understands them “a lot better” than Chair Jerome Powell due to his real estate background. At a White House event, he criticized Powell’s caution despite moderate growth and easing inflation, insisting lower rates would spur investment. This high-profile intervention breaks with the norm that presidents avoid commenting on Fed policy. Economists warn repeated political jabs could undermine the Fed’s independence, potentially shaking market confidence if investors sense the central bank is swayed by partisan demands. Powell so far has signaled decisions remain data-driven, not politically influenced, but Trump’s rhetorical pressure escalates the spotlight on upcoming Fed meetings.