US President Donald Trump spoke after the Fed left interest rates unchanged last week.
According to Bloomberg, Trump supports the Fed’s decision to suspend interest rate cuts.
Trump supported the Fed’s decision to stop cutting interest rates and said the Fed’s move was the right one.
“I’m not surprised. Keeping interest rates steady at this point was the right thing to do,” Trump told reporters in Washington.
Trump’s statements contrast with his speech at the Davos World Economic Forum a week before the Fed’s decision, where Trump regularly called on the Fed to lower interest rates.
As is known, the FED did not make any changes to interest rates at the first meeting of 2025 and left them constant. With this decision, the FED preferred to wait to see the effects of Trump’s policies, who had just assumed his presidency.
The FED, which has reduced interest rates three times in a row since September 2024 in September, November and December, has paused interest rate cuts with its latest decision.
*This is not investment advice.
Continue Reading: Donald Trump Forgot His Previous Promises, Made a Surprising Statement About the FED’s Decision!
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