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President Donald Trump has renewed calls for lower interest rates, stating that such a policy shift would align with forthcoming tariffs and provide a strategic economic advantage.
Taking to Truth Social on Wednesday, Donald Trump stressed the importance of slashing interest rates, asserting that the adjustment would align with anticipated tariff hikes and bolster economic resilience.
“Interest rates should be lowered, something which would go hand in hand with upcoming tariffs,” he wrote.
Read also: Donald Trump Kick-Starts Moves To End Ukraine, Russian War
Following three straight rate cuts last year, the Federal Reserve held interest rates steady in January at a range of 4.25% to 4.50%, signaling a measured approach to monetary policy.
Meanwhile, Trump imposed tariffs on steel and aluminium imports, as well as 25 per cent tariffs on goods from Canada, Mexico, and China.
The United States has temporarily suspended tariffs on Canada and Mexico for 30 days, offering a brief reprieve in trade tensions. The decision comes amid ongoing negotiations, with officials hoping to reach a more favorable agreement before the deadline expires.
