Trump: “The Fed would do better to cut the rates while the duties begin to make their way” | EUROtoday

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“The Fed would do much better to cut rates while US duties begin to make their way into the economy. Do the right thing. April 2 is the day of liberation in America !!! ». The president of the United States Donald Trump writes in a post on his social Truth, after yesterday Federal Reserve decided to keep interest rates at 4.25%-4.5%, a level to which he had brought them on December 18th.

Trump’s post on Wednesday evening comes while his administration is preparing to announce a new wave of duties, which the president of the Federal Reserve Jerome Powell has indicated as looming on the economic forecasts.

Powell has minimized latent concerns for a slowdown, but has recognized that uncertainty about duties is a factor and is already contributing to inflation, even if it could prove transient.

The Trump administration is preparing to announce a new wave of duties on April 2, even if the exact scope is not yet clear. Trump promised the so -called “mutual” duties to some nations, although his administration has not specified as or as a rate.

The choice on rates of interest comes whereas Trump’s White House tries to help his trigger for inflexible duties in a combined financial framework within the United States. Inflation has not decreased as a lot American shoppers would really like. High rates of interest are crushing the actual property market and economists now see financial development slowing down within the coming months, Bloomberg writes.