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Trump Says He Wants Interest Rate Cut to 1%

President Donald Trump answers questions from reporters as he meets with Congo's Foreign Minister Therese Kayikwamba Wagner, and Rwanda's Foreign Minister Olivier Nduhungirehe, June 27, 2025, in the Oval Office at the White House in Washington. (Manuel Balce Ceneta/AP)

Friday, 27 June 2025 05:20 PM EDT

U.S. President Donald Trump said Friday he would love if Federal Reserve Chair Jerome Powell were to resign while also saying that he wanted interest rates cut to 1%.

"I'd love him to resign if he wanted to, he's done a lousy job," Trump said, while also labeling the Fed chair as "stupid."

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