In conjunction with high inflation … Trump calls for a reduction in interest rates

US President Donald Trump has called for a reduction in the aim of increasing pressure on the US Central Bank (Central Bank), while Trump is moving to implement the economic agenda for his second mandate, especially the imposition of customs duties on all American imports and extending tax exemptions.
“It must be, which should go alongside the upcoming fees,” Trump said in a post on a social media platform on Wednesday.

Useful interest rates

The Bloomberg News Agency reported that Trump’s statement came before Jeremy Powell, the head of the US Central Bank (Central Bank), appeared before the Financial Services Committee in the US House of Representatives to testify one day after his testimony before the Senate Banking Committee.
The statements also came one hour before the inflation data in the United States, which showed the rise in inflation during January to 3% annually, compared to 2.9% during the previous month, by 0.5% per month.

In his testimony before the Senate Banking Committee yesterday, Powell said that the Reserve Council is preparing to maintain the current interest rates in light of the continued high inflation and the strong job market, adding that after lowering the interest by a full percentage point during the last three months of the fiscal year and with “the continued economy strong We do not need to hurry to amend our critical position. “