Trump renews calls for Powell to cut interest rates immediately as Fed meeting begins

US President Donald Trump again urged Federal Reserve Chair Jerome Powell to cut interest rates immediately, including calling for a "special meeting", after posting similar demands on Truth Social on Thursday. The Fed's two-day March meeting starts Tuesday with a decision due Wednesday, while CME futures imply a 99% chance rates stay at 3.50% to 3.75% this week and a 97% chance of no change for the April 29 meeting.