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Trump: Will ask the Federal Reserve to cut interest rates immediately
2025-01-23 20:31:32

Odaily News "With the drop in oil prices, I will be asking for an immediate rate cut, and similarly, the entire world should be cutting rates," Trump said Thursday at the World Economic Forum in Davos, Switzerland. Five days later, the Federal Reserve will hold its first policy meeting since Trump took office on January 28-29, and is widely expected to keep interest rates unchanged at the meeting. Trump has widely criticized the Fed for raising interest rates in the first two years of his first term, and has slammed Powell, who he promoted to Fed chairman, for leading the series of actions. (Jinshi)