Trump urges Powell to cut interest rates amid market turmoil

President Donald Trump has urged Federal Reserve Chairman Jerome Powell to cut interest rates, claiming it is the 'perfect time' to do so given the current economic indicators. In a series of posts on Truth Social, Trump highlighted that energy prices, inflation, and job numbers have all seen positive trends, framing them as a victory for America. Meanwhile, Powell expressed caution regarding the economic outlook, noting risks of higher unemployment and inflation, and emphasized the Fed's need for more data before making any decisions on monetary policy. Trump's push for rate cuts comes amid market volatility following his recent announcement of aggressive tariffs impacting 185 countries, which has raised concerns among investors. Despite the market's downturn, Trump remains confident in his economic policies, asserting they will yield significant investment opportunities. The ongoing uncertainty surrounding tariffs and interest rates presents a challenging landscape for the Fed as it navigates its dual mandates of controlling inflation and maximizing employment.