Trump calls for Fed interest rate cut

President Donald Trump has called on the Federal Reserve to lower interest rates. Speaking at a cabinet meeting in the White House, Trump highlighted the decline in prices and energy costs, arguing that under these conditions, the Fed should implement rate cuts. He asserted that reducing interest rates would be a suitable step to control inflation and support economic growth.

Trump's call came shortly after the Fed decided to maintain current interest rates. Fed Chairman Jerome Powell noted that the broad import tariffs and economic policies under the Trump administration have slowed U.S. growth and increased inflationary pressures. Powell emphasized that the Fed would continue to act as an independent institution, shaping interest rate decisions based on economic indicators. The ongoing uncertainty regarding the Fed's monetary policy is causing market fluctuations, raising questions about whether Trump's pressure will impact the Fed’s independent decision-making process.