Wednesday, October 8, 2025

Latest

Trump Tells Fed to Lower Rates ‘Immediately,’ Says He Knows ‘Better than They Do’

US President Donald Trump demanded that the Federal Reserve cut rates immediately on Thursday, citing falling oil prices and asserting he understands monetary policy better than the central bank’s leadership.

“With oil prices going down, I’ll demand that interest rates drop immediately,” Trump told the World Economic Forum in Davos where he appeared virtually, adding rates “should be dropping all over the world.”

At a White House event following his Davos address, Trump claimed in an apparent reference to Fed Chairman Jerome Powell: “I think I know interest rates much better than they do, and I think I know it certainly much better than the one who’s primarily in charge of making that decision.”

Read: Trump Signals Fresh Fed Tensions Ahead of Return to Office 

The demand comes five days before the Fed’s first policy meeting under Trump’s new administration, where officials are widely expected to keep rates steady. The Fed cut its key rate to 4.25%-4.5% in December, marking a full percentage point reduction throughout 2024.

Fed officials have signaled caution about further cuts while inflation remains above their 2% target. Several policymakers cited uncertainty about Trump’s trade, immigration, and regulatory proposals in their December forecasts. New York Fed President John Williams emphasized that potential changes in government policy make it particularly challenging to guide monetary policy.

Fed Governor Christopher Waller, a Trump appointee, remains optimistic about rate cuts despite broader concerns about Trump’s trade policies. On January 16, Waller told CNBC that rate reductions could come in the first half of the year if inflation data remains favorable. 

Earlier, on January 8, he dismissed widespread concerns that Trump’s proposed tariffs would fuel inflation. “If, as I expect, tariffs do not have a significant or persistent effect on inflation, they are unlikely to affect my view of appropriate monetary policy,” Waller said.

The Fed, designed to operate independently, does not have to follow presidential instructions — and presidents typically avoid direct criticism of Fed policy to protect its independence. 


Information for this story was found via Reuters, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Trump Employee Causing Damage In Mar-a-Lago IT Room Mars Federal Investigation

An employee at Donald Trump’s luxurious Mar-a-Lago residence reportedly caused a major flood, inadvertently inundating...

Wednesday, June 7, 2023, 03:01:00 PM

Goldman Sachs: The Fed Will Hike Rates at Every Meeting Beginning in March

With inflation surging to record levels with each passing month, Wall Street banks are now...

Monday, January 24, 2022, 03:40:00 PM

Donald Trump’s Facebook and Instagram Suspension Will Soon Be Lifted, But With ‘New Guardrails’

Meta Platforms, Inc (Nasdaq: META) will be ending former President Donald Trump’s Facebook and Instagram...

Thursday, January 26, 2023, 09:37:00 AM

Infestation! The Gold Bugs are Multiplying

For the moment, the stock market is not concerned with the inflationary effects of $5...

Monday, April 13, 2020, 06:44:36 PM

Donald Trump Wants Elon Musk To Spearhead Cutting “Trillions” in Government Spending

Former U.S. President Donald Trump unveiled a significant proposal during a speech on Thursday at...

Friday, September 6, 2024, 02:07:00 PM