At the beginning of a new week, U.S. President Donald Trump returned to attacking the monetary policies of the U.S. Federal Reserve, reiterating his call for interest rate cuts and asserting that the United States is not currently experiencing inflation. Trump's remarks came through a lengthy post on his private platform "Truth Social," where he expressed his views on the American and global economic situation.
Trump said, "Oil prices are low, interest rates are low (the slow Federal Reserve must lower interest rates!), food prices are low, and there is no inflation," indicating that current economic conditions justify hastening the decision to lower borrowing costs.
Trump considered that the United States is gaining significantly from the tariffs he imposed during his presidency on a number of countries that he described as "misbehaving" in their trade relations with America, adding: "The United States, which has long been mistreated, is now making billions of dollars weekly from the tariffs currently in place."
In this context, Trump specifically criticized China, describing it as "the biggest offender," noting that Beijing has raised its tariffs by 34%, despite suffering from deteriorating financial markets. He added: "China ignored my warnings not to retaliate against U.S. actions, and now they are paying the price after decades of exploiting the American economy."
In his post, Trump blamed previous U.S. administrations, considering them responsible for allowing these countries to gain unfair advantages at the expense of the United States, stating: "They have reaped enough over decades, exploiting the good United States. Our past leaders are responsible for allowing this and much more to happen to our country."
In conclusion, Trump reiterated his famous slogan "Make America Great Again," indicating his adherence to his economic and trade policies as part of his campaign to run again in the upcoming presidential elections.
Trump's remarks come at a time when pressure is increasing on the U.S. Federal Reserve regarding the timing of interest rate cuts, amidst mixed economic data related to inflation and the labor market, which is sparking widespread debate in financial and political circles about the future of U.S. monetary policy.
