US President Donald Trump has urged the Federal Reserve to cut interest rates, going against its current stance as trade tensions escalate with his tariff policies. In a post on social media platform Truth Social, Trump stated that lowering interest rates would be beneficial for the economy and encouraged the central bank to make a change. The statement comes amid heightened concerns about the economic impact of Trump’s tariffs, which have been in effect since March 2020.
Source: https://www.bloomberg.com/news/articles/2025-03-20/trump-says-fed-should-cut-rates-as-tariff-push-heats-up