Donald Trump Calls On Fed to Cut Interest Rates Amid Growth Warning

President Donald Trump has suggested the Federal Reserve should cut interest rates to help offset any economic impact from his upcoming tariffs.

A Federal Reserve spokesperson had no comment when contacted by Newsweek.

Why It Matters

The Federal Reserve, the central bank of the U.S., announced Wednesday that it is cutting its economic growth forecast, Chair Jerome Powell citing Trump's global tariff plans as a factor contributing to rising inflation.

Trump is expected to introduce a new wave of reciprocal tariff hikes on April 2, which economists fear could target most countries that trade with the U.S. The tariffs could potentially further hinder Trump's election pledge to bring down prices for American consumers.

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