Washington, July 30 -- US President Donald Trump praised the latest GDP growth figures on Wednesday, which indicated a 3% annualized increase in the second quarter of 2025, while also reiterating his request for Federal Reserve Chair Jerome Powell to lower interest rates to boost the US housing market.
"2Q GDP JUST OUT: 3%, WAY BETTER THAN EXPECTED! 'Too Late' [Powell] MUST NOW LOWER THE RATE. No Inflation! Let people buy, and refinance, their homes!" Trump wrote in a Truth Social post.
The Fed is set to announce its rate policy decision on Wednesday.
Earlier on Wednesday, the US Bureau of Economic Analysis released new data indicating that the US GDP grew by 3% at an annual rate in the second quarter of 2025, following a decline of 0.5%...