Donald Trump once again stated that the Federal Reserve must cut interest rates.

ChainThink reports: On July 28 local time, U.S. President Trump stated that the Federal Reserve must cut interest rates. Trump said, "Even without rate cuts, the U.S. is doing well, but the U.S. would be better with rate cuts." The term of Federal Reserve Chair Powell ends in May 2026. Under Powell's leadership, the Federal Reserve has been reluctant to lower the benchmark interest rate from the current target range of 4.25% to 4.50% to 1%, in order to reduce the borrowing costs for the federal government. Trump is dissatisfied with this and has repeatedly threatened to make Powell "leave."