President Donald Trump declared Thursday that the United States is officially “back” and called on the Federal Reserve to lower interest rates.
Trump took to Truth Social to tout record highs in the stock market and in the crypto universe, where Bitcoin reached an all-time high this week, as well as a lack of inflation.
“Tech Stocks, Industrial Stocks, & NASDAQ, HIT ALL-TIME, RECORD HIGHS! CRYPTO, ‘Through the Roof.’ NVIDIA IS UP 47% SINCE TRUMP TARIFFS. USA is taking in Hundreds of Billions of Dollars in Tariffs. COUNTRY IS NOW ‘BACK.’ A GREAT CREDIT! ” Trump wrote in part, before calling for lower rates.
“FED SHOULD RAPIDLY LOWER RATE TO REFLECT THIS STRENGTH. USA SHOULD BE AT THE ‘TOP OF THE LIST.’ NO INFLATION!!!” he added.
Trump has repeatedly called out Federal Reserve Chairman Jerome Powell, accusing him of keeping interest rates high, but the Fed has declined to lower them to this point despite persistent pressure from the president.
Powell has previously cited concerns of potential inflation from Trump’s tariff policies, which have thus far been unrealized.
Trump, who has dubbed the Fed chair “Too Late Powell,” called him out again in a follow-up post Thursday.
