President Trump Pushes Fed to Cut Rates, Says There Is ‘No Inflation’

by Margarita Armstrong

President Donald Trump reiterated calls for Fed rate cuts, pronouncing there could be no inflation.

“Oil prices are down, ardour rates are down (the unhurried fascinating Fed can even merely composed decrease rates!), food prices are down, there is NO INFLATION, and the very prolonged time abused USA is bringing in Billions of Greenbacks a week from the abusing international locations on Tariffs that are already in space,” Trump mentioned on a Fact Social put up on Monday.

Trump imposed tariffs on several countries final week, boosting the total levy on China to 54%, which drew retaliatory action. Since then, markets beget collapsed, with futures tied to Wall Street’s tech-heavy Nasdaq index hitting the lowest since January 2024. Bitcoin fell to below $75,000 early Monday.

The threat-off, coupled with OPEC’s idea to elevate production, has driven the West Texas Intermediate (WTI) coarse oil per barrel price decrease by 16% to $60 in four buying and selling days. A decrease coarse is legendary to inject disinflation into the worldwide economic system.

Trump’s bias for Fed rate cuts is per the market pricing for five Fed rate cuts this year. Capacity Fed easing can even merely assist markets better absorb the impression of Trump’s aggressive tariffs policy, that can even merely seemingly preserve here for some time.

Trump infamous in his early Monday Fact Social put up that China has made sufficient for a protracted time whereas taking profit of the U.S.

“The largest abuser of all of them, China, whose markets are crashing, valid raised its Tariffs by 34%, on high of its very prolonged timeframe ridiculously high Tariffs (Plus!), no longer acknowledging my warning for abusing international locations now to no longer retaliate. They’ve made sufficient, for a protracted time, taking profit of the Honest OL’ USA! Our past “leaders” are liable for allowing this, and so necessary else, to happen to our Nation. MAKE AMERICA GREAT AGAIN!,” Trump mentioned.

Over the weekend Trump mentioned he could no longer win a address China unless the trade deficit narrate is solved.

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