“Egg prices are WAY DOWN from the Biden inspired prices [sic] if just a few weeks ago. ‘Groceries’ and Gasoline are down, also. Now, if the Fed would do the right thing and lower interest rates, that would be great!!!” the president said on Truth Social late Thursday night.
The Fed announced Wednesday that it would keep rates steady at a 4.25 percent to 4.5 percent range, even with some indications that the U.S. economy might be leaning toward a slowdown.
Trump also pressured the Fed in a Truth Social post Wednesday night, saying, “The Fed would be MUCH better off CUTTING RATES as U.S. Tariffs start to transition (ease!) their way into the economy.”
He highlighted that the administration is set to unleash a new batch of reciprocal tariffs April 2.
Federal Reserve Chair Jerome Powell cited those looming tariffs in his press conference earlier this week, arguing that they threaten to slow the economy’s growth even more, with inflation increasing back to an annual 3 percent mark.
Read the full report at TheHill.com.
