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Trump Urges Fed Rate Cuts Amid $9B Aid Slash

7/26/2025

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Summary

Story summary

President Trump made a bold visit to the Federal Reserve, urging Chair Jerome Powell to cut interest rates as renovation costs soared, a figure he inflated to a staggering $3.1 billion. In a controversial move, he signed a bill slashing $9 billion from foreign aid and public broadcasting, foreshadowing further cuts that could complicate government funding talks.

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Story summary

President Trump made a bold visit to the Federal Reserve, urging Chair Jerome Powell to cut interest rates as renovation costs soared, a figure he inflated to a staggering $3.1 billion. In a controversial move, he signed a bill slashing $9 billion from foreign aid and public broadcasting, foreshadowing further cuts that could complicate government funding talks.