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News in English (USA) / 21.03.2025 / 00:00

Trump Pressures Federal Reserve to Cut Interest Rates Amid Tariff Concerns

Former President Donald Trump has intensified his calls for the Federal Reserve to reduce interest rates as tariffs begin to take effect, arguing that such cuts are necessary to ease the economic transition and mitigate potential negative impacts on the economy. Trump criticized the Fed for not acting sooner, particularly ahead of upcoming tariffs, suggesting that lower rates would position the economy better in light of these changes. While Trump advocates for aggressive rate cuts, Fed officials, including Jerome Powell, have indicated that they are in no rush to alter their current monetary policy, setting the stage for ongoing tensions between the former president and the central bank.
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