'Do the right thing': Trump urges rate cut after Fed pauses again, calls April 2 'Liberation Day'

President Donald Trump has once again urged the US Federal Reserve to cut interest rates, arguing it would help offset the economic impact of his tariffs.

"Do the right thing," Trump wrote on his Truth Social account Wednesday night, shortly after the Fed held rates steady but revised its growth forecast downward while raising its inflation outlook.

The Fed has signaled two rate cuts this year, but Chairman Jerome Powell warned that economic uncertainty remains high and inflation is on the rise.


Economists have cautioned that Trump’s tariffs — which have prompted retaliatory measures from some countries — could push the US and other economies into recession.

While Trump acknowledged the potential for "a little disturbance" as his tariffs take effect, he claimed the US is on the brink of a "golden age."

He doubled down on his call for lower interest rates, stating, "The Fed would be MUCH better off CUTTING RATES as US Tariffs start to transition (ease!) their way into the economy."

Trump also reiterated that April 2, when he plans to introduce “reciprocal tariffs” to reset global trade, would mark a "liberation day" for the US economy.

Throughout his first term, Trump repeatedly clashed with the Fed over its rate decisions, consistently pushing for cuts to stimulate economic growth.

With inputs from AFP