US President Donald Trump has urged Federal Reserve Chairman Jerome Powell to cut interest rates, claiming it is the ideal time to do so. In a post on X, Donald Trump accused Powell of “playing politics” and emphasized that lowering rates now could help improve the U.S. economy.
Donald Trump’s calls for lower interest rates come amid rising concerns about his tariff policies.
Donald Trump’s Criticism of Jerome Powell’s Timing
Donald Trump’s call for a rate cut highlights his belief that the U.S. economy is currently in a favorable position to benefit from lower interest rates. According to Trump, energy prices, inflation, and even the cost of eggs have decreased, which he views as a sign that the economy is improving.
“This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates,” Trump wrote on X.
He also pointed out that Powell has been “late” in his previous decisions, suggesting that a quick rate cut could help Powell improve his image. Trump’s message comes as the U.S. labor market shows strong growth, with 228,000 jobs added in March, according to the latest employment data. This job growth, along with lower inflation, has fueled Trump’s argument for a rate cut, which he believes could further stimulate the economy.
However, in response to Donald Trumps statement Federal Reserve Chair Jerome Powell has noted that Trump’s tariffs could lead to slower economic growth and higher inflation. Powell stated that the full economic effects of the tariffs might be larger than expected, with concerns about stagflation.
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Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
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