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Trump says Federal Reserve should cut interest rates as tariffs push heats up

  • President Donald Trump is urging the Federal Reserve to cut interest rates to complement new tariff policies.
  • The Federal Open Market Committee, led by Jerome Powell, chose to keep interest rates steady while considering potential cuts.
  • Trump's administration plans to announce new tariffs on April 2 as part of reciprocal measures against trade partners.
  • Powell noted that uncertainty surrounding tariffs makes it appropriate for the Fed to wait for further clarity before acting.
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Chicago Fed President Goolsbee sees rate cuts depending on inflation progress

Goolsbee told CNBC that he's been hearing more concerns from businesses in his region about the impact of tariffs.

·United States
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TAG24 broke the news in on Thursday, March 20, 2025.
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