Trump again urges Fed to lower interest rates

By Home - CBSNews.com Jun 4, 2025 | 3:11 PM

President Trump is again publicly calling for Federal Reserve Chair Jerome Powell to lower interest rates after a new employment report shows job creation slowed in May. CBS News MoneyWatch correspondent Kelly O’Grady has more.

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BREAKING THE BUDGET IMPASSE

What should be done to break the impasse in approving Pennsylvania’s budget?

Increase income taxes to pay for more spending.

Draw down the state's rainy day funds to pay for more spending.

Tax the so-called "skill games" machines to pay for more spending.

Legalize recreational marijuana to pay for more spending.

We don't need more spending, we need less! No new taxes!

We do need to increase spending on some programs, but there's plenty of wasteful spending we should cut. No new taxes!

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Trump again urges Fed to lower interest rates