United States president Donald Trump, This Friday has asked the Federal Reserve (Fed) to lower interest rates By ensuring that inflation has stabilized and the employment situation has been strengthened, “good news” in what has called a current “transition stage” for the country’s economy.
“The gasoline has just exceeded $ 1.98 per gallon, its lowest price in years, the groceries (and the eggs!) They went down, the energy dropped, the mortgage rates fell, the employment was strengthened and many more good news, since billions of dollars are reaching rapid thanks to the tariffs,” Trump said in his social truth network.
The president, who assumed power last January, He insisted that the first months of his second term are “a transition stage, just starting!“And that” consumers have been waiting for a price drop for years. “” Without inflation, the Fed should lower its rate! “He warned.
Trump has already called the Fed several times to reduce its interest rates, which They are currently in range of 4.25 to 4.5%. The next meeting of the Federal Open Market Committee (FOMC) to evaluate possible ups or declines will take place on May 6 and 7.
Trump has also starred Sounds encounter with the director of the FedJerome Powell, against whom the president reiterated his attacks last Tuesday and who has come to threaten to say goodbye, something that the law does not allow him.
Unemployment in the US remained in April at 4.2%
Unemployment in the US remained in April at 4.2%the same level as in March, with a stable employment creation of 177,000 new positions, slightly above the average of the last 12 months, according to the most recent report of the Bureau of Labor Statistics (BLS) published this Friday.
However, uncertainty and volatility in the markets caused by Trump tariff war has been reflected in the largest economy in the world, which contracted in 0.3%, the first negative data in three years. Meanwhile, the International Monetary Fund (IMF) increased from 25% to 40% the risk of economic setback for the country.
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