On May 13, 2025, U.S. President Donald Trump once again called on the Federal Reserve to lower interest rates, citing falling prices for fuel and food. In a post on Truth Social, Trump stated: “There is no inflation, and the prices of gas, energy, food, and just about everything else are going DOWN!!! The Fed must lower interest rates, just like Europe and China have already done.”
Trump also criticized Federal Reserve Chairman Jerome Powell, referring to him as “Too Late Powell” and accusing him of being slow to act. He emphasized that the U.S. economy is ready to grow and that a rate cut would help accelerate that momentum.
Earlier this month, the U.S. Bureau of Labor Statistics reported that annual inflation slowed to 2.3% in April, down from 2.4% in March and marking the lowest level since February 2021. Despite this, the Fed has remained cautious, warning that new tariffs and other factors could reignite price increases.
So far, the Federal Reserve has kept its key interest rate unchanged at 4.25–4.50% and continues to monitor economic indicators before making further decisions.
