articleThe Brief Federal Reserve officials are going to decide on slashing its short-term interest rate this week. The Federal Reserve is expected to leave its short-term interest rate the same on Wednesday for the fifth consecutive meeting. Trump and Federal Reserve divided on cutting interest ratesDig deeper:President Donald Trump believes that because the nation’s economy is doing well, the Fed Reserve should cut interest rates. RELATED: Feds make decision on interest rates: What to knowTrump argues that the Federal Reserve and Chair Jerome Powell are costing Americans billions of dollars in interest payments by not lowering borrowing costs. According to the AP, Federal Reserve officials don't believe they should reduce rates the government pays on Treasury notes and bonds.