President Donald Trump is urging the Federal Reserve to cut interest rates, a move he hopes would complement his administration’s evolving tariff strategy.
In a Wednesday night post on Truth Social, Trump called on Fed governors to ease monetary policy as the administration’s tariff policies move into a new phase.
“The Fed would be MUCH better off CUTTING RATES as U.S. Tariffs start to transition (ease!) their way into the economy,” Trump wrote. “Do the right thing. April 2nd is Liberation Day in America!!!”
His comments came just hours after the policy-making Federal Open Market Committee, headed by Federal Reserve Chair Jerome Powell, voted to keep interest rates steady while signaling the possibility of two rate cuts before the end of the year….