Trump's Call for Federal Reserve Rate Cuts as Tariffs Resume
Trump Urges Federal Reserve Rate Cuts
President Trump again pressed the Federal Reserve to cut interbank lending rates as the administration's sweeping tariffs are set to resume next month. “The Fed would be MUCH better off CUTTING RATES as U.S. Tariffs start to transition (ease!) their way into the economy. Do the right thing,” Trump wrote Tuesday night in a post on Truth Social. “April 2nd is Liberation Day in America!!!”
Federal Reserve's Decision on Rates
The central bank announced earlier Wednesday that it would keep rates steady at a 4.25 to 4.5 percent range even with indications that the U.S. economy might be leaning toward a slowdown. Federal Reserve Chair Jerome Powell indicated that Trump’s looming tariffs could further slow economic growth, as inflation rates start climbing back up.
Upcoming Tariffs and Economic Implications
- Tariff Increase on April 2: The Trump administration is set to unleash a new series of tariffs, which might include sector-specific measures on steel and aluminum for auto production.
- “It’s a liberation day for our country...
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