President Trump turned up the heat on the Federal Reserve Monday, demanding interest rate cuts just as the central bank bigwigs huddled for a “Closed Board Meeting.” Trump, citing falling oil prices and stable food costs, declared point-blank, “there is no inflation.”
As President Trump calls for rate cuts citing "oil prices are down, interest rates are down, food prices are down, there is no inflation" the Fed announces a "Closed Board Meeting" happening now. pic.twitter.com/mRzRAp5Crc
— Charlie Kirk (@charliekirk11) April 7, 2025
The President’s push comes hot on the heels of his administration slapping hefty new tariffs on imports, sending shockwaves through global markets. The Dow tumbled 750 points amid jitters over a potential trade war sparked by the new duties, which include rates as high as 46% on goods from places like Vietnam and 34% on China.
While Trump champions the tariffs as part of his America First agenda, critics, including former VP Mike Pence, have slammed them as massive tax hikes. Even billionaire Warren Buffett reportedly called the protectionist measures an “act of war.”
The Fed, known for keeping its cards close to its chest, typically holds these closed-door sessions to hash out sensitive money matters like interest rates, away from prying eyes. They’ve signaled a cautious approach, wanting to watch how the economy shakes out before making any sudden moves, despite the President breathing down their necks.
Now, all eyes are on the Fed to see if they’ll heed Trump’s call or stick to their guns. Their decision could ripple through the economy, especially with the uncertainty swirling around the new trade landscape. It’s shaping up to be a high-stakes showdown between the White House and the nation’s central bank.
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