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President Donald Trump says Fed Chair Powell should cut interest rates and ‘stop playing politics’

  • President Donald Trump called for Federal Reserve Chairman Jerome Powell to cut interest rates, stating, 'This would be a perfect time for Fed Chairman Jerome Powell to cut interest rates.'
  • Powell warned that the recent tariffs imposed by Trump could lead to higher inflation levels, saying, 'the tariff increases will be significantly larger than expected.'
  • The Dow Jones fell over 1,500 points following Trump's tariff announcement, reflecting market fears of economic instability.
  • Powell indicated that the Fed would hold rates steady until there is more clarity regarding economic developments, stating, 'our obligation is to keep longer-term inflation expectations well anchored.
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TokenPost broke the news in on Thursday, April 3, 2025.
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