Trump wants lower interest rates to go “hold hands” at tariffs: “Rock and Roll, America
Judy Shelton, a senior fellow at the Independent Institute, breaks down the relationship between oil prices and inflation “Craman Countdown.”
president Donald Trump On Tuesday, the central bank called the Federal Reserve, saying that interest rates should be reduced.
“We need to lower interest rates. This is something we’ll be holding hands with future tariffs!!!” Trump said in a post about Truth Society. “Rock and roll, America, America!!”
The president’s comments come the day after the Fed Chairman Jerome Powell On Capitol Hill, the central bank said there was no need to “hurry” to lower interest rates.
The Federal Reserve holds interest rates steady amid inflation uncertainty
“We don’t have to hurry to adjust our policy stance,” Powell testified before the Senate Banking Committee. “I know that policy suppression too quickly or too much can hinder inflationary progress, while at the same time, slow or too little can lead to unfair weakening of economic activity and employment if policy suppression is slow or too little can lead to unfair reductions in economic activity and employment. It’s there.”
Federal Reserve Chairman Jerome Powell testified before the Senate Banking Committee on February 11, saying the central bank “doesn’t have to hurry to adjust our policy stance.” . .
At the latest meeting in January, Fed officials held a benchmark Federal Fund Rate It is stable in the range of 4.25% to 4.5%.
Trump says he won’t fire Chairman Jerome Powell
It follows three consecutive interest rate cuts at the central bank’s latest meeting. This includes a 50 base point reduction in September and a 25 Vegis point reduction in November and December.
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Eric Revell from Fox Business contributed to this report