U.S. President Donald Trump pressured the Central Bank to lower interest rates as the Federal Reserve (Fed) decided to keep the benchmark rate unchanged on the 19th (local time).
That night, President Trump wrote on social media (SNS) that tariffs have started to yield results for U.S. economic growth, stating, "The Fed would be much better off lowering interest rates." He further said, "Do the right thing," and claimed, "April 2nd is America’s liberation day."
April 2nd is the day President Trump announced he would unveil the 'reciprocal tariff' which is to be set considering the various countries' tariffs and non-tariff barriers against the U.S.
In a situation where the Fed regards Trump's trade war as a factor increasing uncertainty about the economy, President Trump expressed a conflicting view.
Since taking office on Jan. 20, President Trump has been pressuring the Fed to lower interest rates; on that day, the Fed decided to maintain the benchmark rate at the existing 4.25 to 4.50 percent at the conclusion of a two-day Federal Open Market Committee (FOMC) meeting.