US EditionTrump calls on Fed once again to lower rates after solid April jobs report
- Former President Donald Trump urged the Federal Reserve to lower interest rates following a strong April jobs report released by the Bureau of Labor Statistics.
- Trump made these comments amid a backdrop of resilient labor market data and falling market expectations for a June Fed rate cut, whose odds dropped from 60% to 40%.
- The April report showed nonfarm payrolls increased by 177,000, beating the 130,000 consensus but slightly down from March's revised 185,000, while core inflation cooled to 2.6% year-over-year.
- Trump posted on Truth Social that gas prices had 'just broke $1.98 a gallon' and claimed 'no inflation,' adding, "The Fed should lower its rate!" during a rally where he criticized Fed Chair Jerome Powell.
- These events suggest ongoing political pressure on the Fed despite recent data reinforcing economic stability and dampening expectations of near-term rate cuts under Powell, whose term ends in May 2026.
39 Articles
39 Articles
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Meet Kevin Warsh, the banker Trump said he preferred to run the Fed
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Good news? Trump says inflation dropped in the US; he asks the Fed to lower interest rates
U.S. President Donald Trump this Friday called on the Federal Reserve (Fed) to lower interest rates by ensuring that inflation has stabilized and the employment situation has been strengthened, “good news” in what he called a current “transition stage” for the country’s economy. “The gasoline just exceeded $1.98 per gallon, its lowest price in years, the groceries (and eggs!) went down, the energy went down, the mortgage rates went down, the emp…
Trump: No Inflation, Fed Should Act
President Donald Trump on Friday described the U.S. economy as being in a "transition stage," pointing to strong employment, falling prices, and revenue from tariffs. “We’re only in a transition stage, just getting started!” he wrote on Truth Social, following new data showing a slight slowdown in April job growth. Trump highlighted falling gasoline prices, cheaper groceries, and lower mortgage rates as signs of progress, while repeating his cal…
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