US President said he expects the new president to reduce rates by up to 1 percentage point; The next meeting of the monetary authority will be on June 16th and 17th
The President of the United States, Donald Trump (Republican Party), said this Friday (June 5, 2026) that he continues to wait for a reduction in North American interest rates, but stated that the decision will be up to the president of the Fed (Federal Reserve), Kevin Warsh. It will be held on June 16th and 17th.
Currently, the US basic interest rate is in the range of 3.50% to 3.75% per year, a level considered high by Trump. The Republican defends a cut of up to 1 percentage point to reduce the cost of financing public debt and stimulate economic activity.
Trump’s statement contrasts with the prevailing assessment on Wall Street, which began to consider the possibility of new interest rate hikes after the release of stronger data on .
Warsh, appointed by Trump to head the US central bank after the end of Jerome Powell’s term — a frequent target of criticism from the Republican for keeping interest rates at a high level — took office on May 22.
The US president specifically cited the Fed’s October meeting as an opportunity for a rate cut. Before that, the monetary authority will have meetings in June, July and September.
