U.S. President Donald Trump has called for immediate “preemptive cuts” in interest rates, arguing that inflation is no longer a concern and the economy could slow down if action isn’t taken now.
In a Truth Social post, Trump said, “Energy costs are down, food prices—including what he called ‘Biden’s egg disaster’—are substantially lower, and most things are trending down.” According to him, this means there’s “virtually no inflation” and it’s the right time to lower interest rates to keep the economy strong.
Trump took a direct jab at Federal Reserve Chair Jerome Powell, calling him “Mr. Too Late” and accusing him of being slow to act. He said Powell only acted quickly during the last election period to help Joe Biden and Kamala Harris win, asking sarcastically, “How did that work out?”
Trump also pointed out that Europe has already cut interest rates seven times, implying that the U.S. is falling behind in keeping the economy competitive and stable.
Key Points:
Trump says inflation is nearly gone due to falling energy and food prices.
He warns of a slowdown in the economy if interest rates are not cut soon.
Trump heavily criticized Fed Chair Powell, accusing him of political bias during elections.
He praised Europe’s decision to cut rates multiple times already.
Trump says trade talks on tariffs are going well
Trump said that tariff negotiations are going well and many countries are eager to make deals. He mentioned having good meetings on Ukraine, Russia, and Iran, though he added that a little more time is still needed on some issues. He also praised Pete Hegseth, saying he’s doing a great job.
[…] a recent post on Truth Social, US President Donald J. Trump shared a list of what he calls “non-tariff cheating,” accusing countries of using hidden […]