<p>The US Federal Reserve should cut interest rates by a full percentage point, President <a href="https://www.deccanherald.com/world/trump-suggests-terminating-musks-us-govt-contracts-subsidies-3573549">Donald Trump</a> said on Friday (June 6) as he reiterated his view that Fed Chair Jerome Powell has been too slow to lower borrowing costs.</p><p>"Europe has had 10 rate cuts, we have had none. Despite (Powell), our Country is doing great. Go for a full point," Trump wrote in a social media post. Central banks typically limit rate moves to quarter point changes.</p><p>Trump said the Fed could always raise rates again if cuts led to inflation.</p>.Explained | From bros to foes: How the unlikely Trump-Musk relationship imploded.<p>The president has repeatedly berated Powell for not cutting rates as he desires. The two men met face-to-face for the first time last week, with Trump telling Powell he was making a "mistake" by not lowering rates.</p><p>The Fed in May left the policy rate in the 4.25%-4.50% range, where it has been since December, and policymakers have since signaled they may leave it there for another few months as they wait for more clarity on Trump's tariff policy.</p>
<p>The US Federal Reserve should cut interest rates by a full percentage point, President <a href="https://www.deccanherald.com/world/trump-suggests-terminating-musks-us-govt-contracts-subsidies-3573549">Donald Trump</a> said on Friday (June 6) as he reiterated his view that Fed Chair Jerome Powell has been too slow to lower borrowing costs.</p><p>"Europe has had 10 rate cuts, we have had none. Despite (Powell), our Country is doing great. Go for a full point," Trump wrote in a social media post. Central banks typically limit rate moves to quarter point changes.</p><p>Trump said the Fed could always raise rates again if cuts led to inflation.</p>.Explained | From bros to foes: How the unlikely Trump-Musk relationship imploded.<p>The president has repeatedly berated Powell for not cutting rates as he desires. The two men met face-to-face for the first time last week, with Trump telling Powell he was making a "mistake" by not lowering rates.</p><p>The Fed in May left the policy rate in the 4.25%-4.50% range, where it has been since December, and policymakers have since signaled they may leave it there for another few months as they wait for more clarity on Trump's tariff policy.</p>