President Trump isn’t mincing words, telling Fed Chair Jerome Powell to get cutting on interest rates – now. With the 10-year Treasury yield dipping below 4%, Trump took to Truth Social to demand action.
President Trump calls on Fed Chairman Jerome Powell to cut interest rates as the 10 Year Treasury has fallen below 4%. pic.twitter.com/w4wlFjc6Fh
— Charlie Kirk (@charliekirk11) April 4, 2025
“Cut interest rates,” Trump posted, urging Powell to “stop playing politics.” He declared it the “perfect time,” pointing to lower energy costs, falling interest rates, tamed inflation, and rising job numbers as proof.
But Powell seems to be singing a different tune. The Fed chief signaled rates will likely stay parked around 4.3% for a while, aiming to keep price hikes in check. This caution comes hot on the heels of the Trump administration rolling out hefty new tariffs.
Economists are already sounding the alarm, predicting the tariffs could pump up inflation, slam the brakes on growth, and even put jobs at risk. The move has rattled markets, with China threatening payback and stock prices taking a nosedive both here and abroad.
Wall Street is now glued to every jobs report and Powell speech, trying to read the tea leaves on the economy and the tariff fallout. Despite Powell’s steady-as-she-goes talk, some bond investors are hedging their bets, increasingly predicting the Fed will be forced to cut rates soon, maybe even as early as June.
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