(Reuters) – The Federal Reserve (FED) is expected to reduce interest rates from a percentage point, said US President Donald Trump on Friday, reiterating his opinion that the Central Bank president Jerome Powell is too slow to lower borrowing costs.

“Europe has had 10 rate drops, we had none. Despite (Powell), our country is doing very well. Go ahead for a full point,” wrote the White House tenant in a message on social networks.

Central banks generally limit variations in rate to a quarter point.

The Fed reduced the rent for the money to a total of 100 basic points between September and December 2024.

In the euro zone, the ECB has reduced its rates since June 2024, the latest decline that took place on Thursday.

The guiding rate of the Federal Reserve has been located since December in the range of 4.25% to 4.50%, and the Central Bank officials have since indicated that they could let it be unchanged for a few more months, until Donald Trump’s commercial policy and its impact on growth and inflation becomes clearer.

According to Donald Trump, who has repeatedly criticized Jerome Powell for not reducing rates, the Fed could raise borrowing costs again if the reductions led to a bounce of inflation.

Last week, the president received in private the boss of the Fed, from whom he stressed that it was a “error” not to reduce interest rates.

The FED maintained in May unchanged its key rate, but the central bank warned of increased risks regarding inflation and unemployment, while it must compose with a policy led by Donald Trump which continues to evolve, in particular on customs duties.

She will hold her next monetary policy meeting on June 17 and 18.

(Written by Ryan Patrick Jones; Diana Mandia, edited by Blandine Hénault)

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