President Donald Trump has urged the Federal Reserve to lower interest rates, diverging from the central bank’s current policy stance as officials evaluate the economic effects of tariff measures.
Trump reiterated his position on social media, stating that the Federal Reserve would benefit from cutting rates as U.S. tariffs begin to ease their impact on the economy. He urged policymakers to take action, referring to April 2nd as a significant day for the country.
His comments followed the Federal Open Market Committee’s decision on March 19 to keep the federal funds rate unchanged for the second consecutive meeting. The target range remains at 4.25%-4.5%, reflecting a cautious approach amid inflationary concerns and global economic uncertainties.
The debate over interest rate policy and trade measures is expected to remain a key issue leading up to the 2024 presidential election. Trump has positioned himself as an advocate for economic growth, while the Federal Reserve continues to prioritize stability in its policy decisions.
