Unpredictable! Trump suddenly changes his stance to support the Federal Reserve's pause on interest rate cuts
U.S. President Trump stated that the Federal Reserve's decision last week to pause interest rate cuts was "the right choice," marking a shift from his previous calls for lower rates. "I am not surprised," Trump told reporters upon arriving in Washington last Sunday, "It is the right thing to do to keep rates unchanged at this stage." In the interest rate decision announced last week, the Federal Open Market Committee unanimously decided to maintain the federal funds rate in the range of 4.25%-4.5%, pausing the rate cuts due to ongoing inflation concerns, while a series of Trump's measures—including a new round of tariffs and deportation actions—could potentially push prices higher again. Trump has frequently called for the central bank to cut rates, even mentioning it during his speech at the World Economic Forum in Davos a week before the decision. He had previously considered reforms to the Federal Reserve, including whether the U.S. president should have a say in interest rate decisions
According to the Zhitong Finance APP, U.S. President Trump stated that the Federal Reserve's decision to pause interest rate cuts last week was "the right choice," marking a change from his previous calls for lower rates.
"I'm not surprised," Trump told reporters upon arriving in Washington last Sunday. "Maintaining interest rates at this stage is the right thing to do."
In the interest rate decision announced last week, the Federal Open Market Committee unanimously decided to keep the federal funds rate in the range of 4.25%-4.5%, pausing the rate-cutting pace due to ongoing inflation concerns, while a series of measures by Trump—including a new round of tariffs and deportation actions—could potentially push prices up again.
Trump has frequently called for the central bank to cut rates, even mentioning it in a speech at the World Economic Forum in Davos a week before the decision. He had previously considered reforms to the Federal Reserve, including whether the U.S. president should have a say in interest rate decisions