U.S. President Donald Trump urged the U.S. Federal Reserve on Tuesday to take immediate action by lowering interest rates, noting that recent inflation data justifies this move without delay.
In a post on his platform "Truth Social", Trump wrote, "Consumer prices are low. Lower interest rates now!!!", directly pointing to the need to stimulate the economy and ease monetary restrictions
Trump's comments come after the release of the Consumer Price Index data in the United States, which showed an annual increase of 2.7% in June, compared to 2.4% in May, reflecting a relative slowdown in the pace of core inflation. On a monthly basis, the index recorded a 0.3% increase, in line with market expectations, but does not indicate a significant acceleration that would warrant maintaining high interest rate levels.
Trump's call to the Fed comes at a time when expectations are rising for a change in monetary policy during upcoming meetings, especially after the recent inflation figures showed improvement in price stability. Interest rates are one of the primary tools the U.S. Federal Reserve uses to combat inflation or stimulate growth, and Trump's stance is putting political pressure that may influence the prevailing cautious atmosphere in financial markets.
It is worth noting that Trump has often criticized the U.S. Federal Reserve in the past, calling for lower interest rates to enhance the competitiveness of the U.S. economy, and the current data seems to bolster his viewpoint, amid global anticipation for the Fed's upcoming decision in July.
