Donald Trump Says ‘Cut Interest Rates Jerome’, But Polymarket Traders Don’t See It Happening In May
President Donald Trump publicly urged the Federal Reserve to cut interest rates, but prediction market data shows that bettors remain skeptical the central bank will act in May.
What Happened: According to decentralized forecasting platform Polymarket, 72% of market participants believe the Federal Reserve will hold rates steady at its next meeting on May 7, with only 24% pricing in a 25 basis point cut, and a mere 2.7% expecting a deeper 50+ bps reduction.
In a post on Truth Social on Friday, the former president pressed Fed Chair Jerome Powell to act, writing, “This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates… CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!” Trump cited lower inflation, falling energy prices, and stronger employment as justification for immediate easing.
However, the Fed appears in no rush to …
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