President Donald Trump on Wednesday reiterated his demand for the Federal Reserve to cut interest rates, setting a potential clash with the central bank’s leaders just hours after they expressed concerns about the “uncertainty” around the president's tariffs and once again held off on a rate cut.
File Photo: President Donald Trump previously said he would “demand that interest rates drop ... [+]
In a post on his Truth Social platform late on Tuesday, Trump wrote that the Fed “would be MUCH better off CUTTING RATES as U.S. Tariffs start to transition (ease!) their way into the economy.”
The president’s post then demanded the central bank to “Do the right thing,” and added, “April 2nd is Liberation Day in America.”
The Trump administration has promised to enact a fresh set of tariffs including broad reciprocal tariffs on countries that place such levies on U.S. exports on April 2 and the president has touted it as a day of liberation for America.
The Federal Open Market Committee held its second meeting of the year earlier on Wednesday where they decided to leave the Fed’s benchmark federal funds rate untouched at 4.25% to 4.5%.
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