Trump Urges Fed Rate Cuts to Ease Economy’s Tariff Transition

President Donald Trump wants the Federal Reserve to cut interest rates to help ease the U.S. economy’s tariff-driven transition. Trump has been largely silent about monetary policy for the last several weeks. After the U.S. central bank’s March policy meeting, the president weighed in on the Federal Reserve’s decision, urging Chair Jerome Powell and his colleagues to lower rates. “The Fed would be much better off cutting rates as U.S. Tariffs start to transition (ease!) their way into the economy,” Trump wrote in a Truth Social post on March 19. “Do the right thing. April 2nd is Liberation Day in America!”...