U.S. President Donald Trump gave fresh criticism of Federal Reserve Chair Jerome Powell over interest rates, accusing him of costing the United States "a fortune" and demanding a "full point" reduction.

US President Donald Trump is pushing hard for rate cuts to fuel the economy, but the Fed is prioritising inflation control and may stick to cautious decision-making for now.

President Trump ramped up his call for Fed Chair Jerome Powell to lower interest rates after a new report showed sluggish hiring in May.