The president urged the Fed to lower rates after the central bank said tariffs make things too uncertain
Donald Trump wants the Federal Reserve to lower interest rates before the economy feels the effects of his sweeping tariffs.
The president’s comments came after Fed Chair Jerome Powell announced Wednesday that rates would remain steady amid an « unusually elevated » uncertainty surrounding the on-and-off tariffs.
“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 posted on his social media platform.
