Trump urges rate cut after Fed decision

US President Donald Trump 

US President Donald Trump called on the Federal Reserve to cut interest rates just hours after the central bank held them steady.

"The Fed would be much better off cutting rates as US tariffs start to transition (ease!) their way into the economy," Trump said in a post on Truth Social.

“Do the right thing. April 2nd is Liberation Day in America!” he added.

In a post on his platform, Truth Social, Trump wrote: “It would be much better for the Fed to cut rates as tariff implementation begins,” adding, “Do the right thing—April 2nd is America’s Liberation Day.”

Trump’s administration is preparing to announce a fresh wave of tariffs on April 2, though the exact scope isn’t clear. Trump promised so-called “reciprocal” tariffs on at least some nations.

The Fed, as widely expected, held interest rates steady at its meeting that concluded on Wednesday. Fed Chair Jerome Powell downplayed growing concerns over slowing growth but acknowledged that uncertainty surrounding tariffs is already contributing to rising commodity prices—though he noted this may be temporary.