Trump Says Fed Chair Powell’s Decision Not to Cut Rates Costing US ‘Fortune’

NAMPA / Sputnik

2025-06-06

WASHINGTON, June 6 (RIA Novosti) – US President Donald Trump has once again aimed at Federal Reserve Chairman Jerome Powell on Friday for his reluctance to cut interest rates, noting that it is costing the US a “fortune.” “If ‘Too Late’ at the Fed [Powell] would CUT, we would greatly reduce interest rates, long and short, on debt that is coming due,” Trump wrote in a Truth Social post. “He is costing our Country a fortune. Borrowing costs shou......

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