Source: CNBC
“President Donald Trump again switched positions on the Federal Reserve, indicating in a social media post Wednesday that interest rates need to come down. ‘Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs!!! Lets Rock and Roll, America!!!’ the president said in a morning post on Truth Social. The comments come a day after Fed Chair Jerome Powell said policymakers don’t need to be ‘in a hurry’ to lower rates as they watch progress in inflation. Other officials have said they also are evaluating the potential impacts that tariffs will have on prices, though Powell has avoided commenting directly on the issue.” (02/12/25)