President Trump again pressed the Federal Reserve to cut interbank lending rates as the administration’s sweeping tariffs are set to resume next month.

“The Fed would be MUCH better off CUTTING RATES as U.S. Tariffs start to transition (ease!) their way into the economy. Do the right thing,” Trump wrote Wednesday night in a post on Truth Social. “April 2nd is Liberation Day in America!!!” 

The central bank announced earlier Wednesday that it would keep rates steady at a 4.25 percent to 4.5 percent range, even with some indications that the U.S. economy might be leaning toward a slowdown. 

Federal Reserve Chair Jerome Powell said during a press conference Wednesday that Trump’s looming tariffs threaten to slow the economy’s growth even more, with inflation increasing back to annual 3 percent mark. 

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