Trump says 'perfect time' for Powell to cut rates as markets plummet after shocking tariff announcements [View all]
Source: Yahoo Finance
President Trump fired off a flurry of social media posts early Friday as he defended his controversial tariff policies, shrugged off market volatility, and pushed for more rate cuts.
“This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates," Trump said in a post on his social media app Truth Social. "He is always 'late,' but he could now change his image, and quickly."
"Energy prices are down, Interest Rates are down, Inflation is down, even Eggs are down 69%, and Jobs are UP, all within two months — A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!”
On Friday, the March jobs report showed the labor market added 228,000 jobs in March, more than the 140,000 expected by economists. Shortly after the release, Trump praised the jobs numbers as “far better than expected" in a separate Truth Social post, writing his policies were "already working."
Read more: https://finance.yahoo.com/news/trump-says-perfect-time-for-powell-to-cut-rates-as-markets-plummet-after-shocking-tariff-announcements-155005397.html
Eggs down 69%? Where is he buying his eggs? A lot of people would want to know.
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