U.S. President Donald Trump gave fresh criticism of Federal Reserve Chair Jerome Powell over interest rates, accusing him of costing the U.S. "a fortune" and demanding a "full point" reduction. The president had earlier declared that "America is hot" ahead of federal employment data showing the U.

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

US President Donald Trump is pushing hard for rate cuts to fuel the economy, but the Fed is prioritising inflation control and may stick to cautious decision-making for now.