Editor's PiCK
Trump: "Inflation and growth indicators are both solid… Powell must make a meaningful rate cut"
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Summary
- President Donald Trump said U.S. inflation and growth indicators are solid, stepping up pressure on the Fed to cut the policy rate.
- Trump cited low inflation readings as grounds for Chair Jerome Powell to deliver a meaningful rate cut.
- With recent consumer price data showing signs of cooling, Trump’s comments indicate political pressure on the Fed’s monetary policy is intensifying.
U.S. President Donald Trump cited both U.S. inflation and growth indicators as he ramped up pressure on the Federal Reserve (Fed) to cut its policy rate.
On the 13th, Trump wrote on Truth Social, saying, "U.S. inflation numbers are great and low," adding, "That means Jerome 'Too Late' Powell must cut rates meaningfully." He continued, "Otherwise, he will remain 'Too Late.'"
Trump also claimed that "growth indicators are also very good," attributing them to "tariff policy." He closed with the phrase, "Thank you, Mr. Tariff," underscoring that the current economic performance reflects the impact of his policies.
With recent consumer price data coming in in line with market expectations or showing some signs of cooling, Trump’s remarks suggest political pressure surrounding the Fed’s monetary policy is intensifying again.
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