President Donald Trump renewed his attacks on the head of the Federal Reserve and demanded once again that the central bank artificially cut interest rates regardless of whether such a decision is indicated by economic conditions.
In a Thursday post on Truth Social, Trump complained that Fed Board of Governors Chair Jerome Powell had “again refused to cut interest rates” — a decision that had been made by the bank’s 12-member Federal Open Market Committee — and claimed the bank has “absolutely no reason to keep them so high.”
