President Donald Trump has reiterated his stance on interest rates, suggesting they should be lowered in a social media post on Truth Social. He emphasized that reducing rates would align with upcoming tariffs, proclaiming, “Let’s Rock and Roll, America!!!”
This statement comes after Federal Reserve Chair Jerome Powell indicated that policymakers should not rush to lower rates while they observe inflation trends. Other Fed officials are assessing the potential effects of tariffs on prices, but Powell has refrained from directly addressing Trump’s comments.
Trump’s recent remarks reflect a change in the White House’s tone regarding monetary policy. Early in his presidency, he called for immediate rate cuts, but later acknowledged the Fed’s decision to maintain steady rates during its late January meeting.
Source (CNBC)
