Trump Urges Fed to Cut Interest Rates Amid Inflation Concerns

President Donald Trump has called for the Federal Reserve to lower interest rates, arguing that inflation is no longer a concern and potential economic slowdown could result from maintaining high rates. He cites falling energy and food prices as evidence of this decline. Trump believes ‘Preventive Cuts’ in interest rates are warranted. He urges action now to prevent a sluggish economy. In his statements, he mentions the European Central Bank’s recent rate cuts and criticizes Fed Chairman Jerome Powell for alleged political bias during the 2020 election cycle. The president also expresses concerns about potential economic slowdown if the Fed fails to act promptly.