Trump presses Jerome Powell to reduce interest rates

the Federal Reserve The interest rates that did not change in its meeting in March, shortly after President Donald Trump’s knowledge, left that he prefers a different strategy.

“The Federal Reserve will be much better in putting cut rates when Ustarifs begins to move (easy!) On their way to the economy. Do the right thing. April 2 is the liberation day in America !!!” Posted on Social Truth.

The Federal Reserve raised inflation forecasts in the total projections with the Personal Consumption Expenditure Index (PCE) and the preferred inflation scale of politics, to 2.7 % for this year – higher than 2.5 % estimate issued late last year.

Larry Kudlo: Federal Reserve Chairman Jay Powell gets it properly, once in a row

Inflation, according to the consumer price index, increased by 2.8 % in February, higher than the Fed Bank’s delegation by 2 %. In addition, food prices are much higher, with eggs increasing by 58.8 % and an increase of 7.8 %, on an annual basis.

Federal Reserve rates have not changed, updates on price reduction plan

Powell, During his press conference on Wednesday, he was asked whether the definitions were inflation.

“It will be very difficult to make an accurate assessment of the amount of inflation that comes from the definitions and others,” he said. “The goods have increased significantly in the first two months of the year, in an attempt to track that return to the increases in the actual tariff, given what the tariff and what was not, (is) a very challenge.”

However, Powell suggested that any inflation can be “transient”.

He added: “As I mentioned, it may be appropriate at times to look through inflation if it will disappear quickly without a procedure by us, and if it is transient, and this may be the case in the case of customs tariffs.”

Early April is when more customs tariffs are detected. Treasury Secretary Scott Bessin He said it will not be a single size that suits everyone.

“Each country will receive a number that we think is their definitions. So, for some countries,” said during the emergence of “Sabah with Maria” for some countries.

For the second meeting in a row, the central bank left the standard federal funds between 4.25 % and 4.5 % and indicated that price cuts this year.

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The last three discounts in a row in 2024 were 50 Basis in September and a pair of discounts of 25-Basis in November and December.

Eric Rafeel in Fox Business contributed to this report.