President Donald Trump called for lower interest rates in a Wednesday Truth Social post, stating they should be reduced alongside upcoming tariffs. The comment comes a day after Fed Chair Jerome Powell said policymakers are in no hurry to cut rates, citing inflation concerns. Trump’s stance on monetary policy has shifted in recent weeks. He initially demanded immediate cuts after taking office but later backed the Fed’s decision to hold rates steady in January. Market expectations suggest the Fed will not cut rates until midyear, with some economists predicting no further easing in 2024.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Donald Trump called for lower interest rates in a Wednesday True Social post,
00:06stating they should be reduced alongside upcoming tariffs.
00:10The comment comes a day after Fed Chair Jerome Powell said policymakers
00:13are in no hurry to cut rates, citing inflation concerns.
00:17Trump's stand on monetary policy has shifted in recent weeks. He initially demanded immediate
00:22cuts after taking office, but later backed the Fed's decision to hold rates steady in January.
00:27Market expectations suggest the Fed will not cut rates until mid-year,
00:30with some economists predicting no further easing in 2025.
