“Do the right thing,“ Trump demanded in a Wednesday night post on his Truth Social site, hours after the Fed decided to hold rates steady, while reducing its growth forecast and hiking its inflation outlook.
Many economists have warned that the tariffs -- which are being met with trade retaliation by some countries -- threaten to possibly tip the US economy and others into recession.
In Wednesday’s message, he again stressed that April 2, when he plans to enact “reciprocal tariffs” designed to reset global trade, would be a “liberation day” for the US economy.
“The Fed would be MUCH better off CUTTING RATES as US Tariffs start to transition (ease!) their way into the economy,“ he posted.
During his first term, Trump repeatedly expressed disagreement with the Fed's rate decisions, urging them to be lowered to boost the economy.
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