Trump Pressures Fed’s Powell to Cut Rates ‘A Full Point’ (4)

President Donald Trump urged the Federal Reserve to cut interest rates by a full percentage point, intensifying his pressure campaign against Chair Jerome Powell.

“‘Too Late’ at the Fed is a disaster!” Trump posted Friday on social media, using a derisive nickname for Powell. “Despite him, our Country is doing great. Go for a full point, Rocket Fuel!”

While the size of Trump’s rate-cut demand — a full percentage point — was unusual, his call for the central bank to lower rates is not new.

The president, who first nominated Powell to the job in 2017, has regularly complained ...