Trump's Call for Rate Cuts

United States President Donald Trump has publicly called on the Federal Reserve to reduce interest rates, drawing parallels to recent actions by the European Central Bank and the People's Bank of China. This move comes amidst observations of decreasing inflation and lower prices across various sectors.

Market Reactions and Inflation Data

In a passionate post on Truth Social, Trump highlighted the absence of inflation and the declining costs of gasoline, energy, groceries, and other essentials. He criticized the Fed's timing, questioning, "What is wrong with Too Late Powell?" emphasizing the potential for economic growth if rates were adjusted promptly.

This appeal follows the latest Bureau of Labor Statistics report, indicating a slight decrease in annual inflation from 2.4% in March to 2.3% in April, further fueling the debate on monetary policy adjustments.