4 weeks ago
22
The US central bank has cut its growth forecast as it warned President Donald Trump’s tariffs were clearly driving up prices.
The BBC is reporting that the Federal Reserve released its projections for the world’s largest economy on Wednesday while keeping interest rates unchanged again, saying it wanted to see how the White House policies unfold.
That decision, which was widely expected, kept the Federal Reserve’s benchmark interest rate hovering around 4.3 per cent, where it has stood since December.
After the announcement, Trump, who has previously criticised the central bank, called on it to cut rates.
The US president said on his platform Truth Social, that the Fed would be ‘MUCH better off CUTTING RATES’ as US Tariffs start to transition their way into the economy.
He urged it to do the right thing, noting that April 2 would be Liberation Day in America.
English (US) ·