President Donald Trump said the Federal Reserve should cut interest rates, splitting with the US central bank as officials weigh the economic cost of his tariff push.
“The Fed would be MUCH better off CUTTING RATES as US Tariffs start to transition (ease!) their way into the economy,” Trump said in a post on Truth Social. “Do the right thing. April 2nd is Liberation Day in America!!!”
The Federal Open Market Committee on Wednesday (March 19) kept its benchmark federal funds rate steady for the second straight meeting, in a target range of 4.25%-4.5%.
“The Fed would be MUCH better off CUTTING RATES as US Tariffs start to transition (ease!) their way into the economy,” Trump said in a post on Truth Social. “Do the right thing. April 2nd is Liberation Day in America!!!”
The Federal Open Market Committee on Wednesday (March 19) kept its benchmark federal funds rate steady for the second straight meeting, in a target range of 4.25%-4.5%.
(Edited by : Anshul)
First Published: Mar 20, 2025 8:45 am IS
