Former President Trump Warns Delay Will Cost Taxpayers as Europe Moves Ahead
President Donald Trump is once again urging decisive action from the Federal Reserve, demanding a full one-point interest rate cut to fuel the U.S. economy and lower the cost of government debt. His bold call comes amid concerns that the Biden administration’s economic missteps—and the Fed’s hesitation—are holding back America’s full recovery.
“Waiting too long at the Fed is a disaster,” Trump posted on Truth Social Friday. “Europe has already cut rates ten times — we haven’t done a single one. Even with Powell holding us back, America is thriving. Cut a full point — give the economy rocket fuel!”
Jobs Report Shows Mixed Signals, Trump Says It’s Time to Act
The May jobs report revealed that 139,000 jobs were added, slightly beating economist expectations but falling short of April’s revised figure of 147,000. Trump believes the Federal Reserve’s inaction is now the biggest risk to continued growth — especially with inflation currently under control.
While job numbers are holding steady, private payrolls took a concerning dip. According to ADP, only 37,000 private sector jobs were created in May — the lowest total since March 2023. For older Americans watching their retirement accounts and cost of living closely, these figures add urgency to Trump’s call for change.
Europe Cuts Rates — Why Is America Lagging Behind?
Trump’s comments came shortly after the European Central Bank slashed interest rates, bringing its total to eight cuts since last June. With 2% inflation under control and borrowing costs reduced by two full points, European nations are now enjoying more affordable debt and economic breathing room — something Trump insists the U.S. desperately needs.
“If the Fed would stop dragging its feet and make a cut, we could significantly lower both short- and long-term interest rates on upcoming debt,” Trump stated. “Biden relied heavily on short-term borrowing. Inflation is basically gone — and if it returns, you raise rates to manage it. It’s common sense!”
Trump: Biden’s Fed Policy Is Hurting Seniors and Taxpayers
Older Americans, retirees, and small business owners are particularly vulnerable to the high interest rate environment. Trump has consistently argued that lower rates will reduce the cost of borrowing, help lower the national debt, and shield families from economic uncertainty.
“He [Biden] is costing our Country a fortune. Borrowing costs should be MUCH LOWER!!!” Trump wrote.
Market Says No Rate Cut Yet — But Trump Isn’t Backing Down
Despite mounting pressure, the Federal Reserve is not expected to cut rates at its upcoming June 17–18 meeting, according to the CME FedWatch Tool. But Trump remains firm that Powell’s inaction is costing America critical momentum—and he’s not alone in that concern.
For millions of older Americans watching their savings shrink and their living costs climb, Trump’s call for lower rates reflects growing dissatisfaction with Biden-era economic leadership.
Bottom Line: President Trump is pushing for smart, immediate financial relief through rate cuts — and warning that Biden’s team is missing the moment. With inflation subdued and job growth cooling, conservatives are asking: what is the Fed waiting for?
