Editor's PiCK
Trump pressures US Federal Reserve to cut interest rates... "Do the right thing"
Suehyeon Lee
Summary
- President Trump strongly urged the Fed to cut interest rates.
- Trump emphasized the need for a significant cut while mentioning the impact of U.S. tariffs on the economy.
- The Fed kept rates unchanged and maintained its forecast of two rate cuts this year.
U.S. President Donald Trump urged the Federal Reserve (Fed) to cut interest rates.
On the 20th (local time), Trump said through Truth Social, "As U.S. tariffs begin to impact the economy, it would be much better for the Fed to significantly cut interest rates."
He emphasized the need for an interest rate cut, adding, "Do the right thing. April 2nd is America's Liberation Day." Meanwhile, the Fed kept the benchmark interest rate at 4.25-4.5% and maintained its forecast of two rate cuts within the year.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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