US President Donald Trump has called on the Federal Reserve to cut interest rates in tandem with his new tariffs, which are expected to start having economic effects soon. Despite the Fed’s earlier guidance for two rate cuts this year, Trump tweeted that reducing rates would be a better move, citing April 2nd as “Liberation Day” in America.
The President’s statement comes hours after the Fed maintained its stance on interest-rate cuts, which were initially expected to occur in response to economic slowdown concerns. However, with tariffs now being implemented, investors and economists are watching closely to see how the Fed responds to the changing economic landscape.
Source: https://www.marketwatch.com/story/trump-calls-for-fed-to-cut-rates-as-economic-effects-of-tariffs-start-to-kick-in-eb76a9b9