During an important cabinet meeting taking place today, US President Trump has reportedly said he hopes that Federal Reserve Chair Jerome Powell will lower interest rates. Indeed, Trump expressed his dissatisfaction with the Central Bank’s decision to keep interest rates unchanged in March.

The Federal Reserve has been fighting against inflation for the better part of two years. In a post-COVID economy, it had gotten that figure down closer to its 2% target. However, concerns surrounding the US economy’s trajectory led them to halt those efforts this month. Now, it is beginning to create a clash between Chair Powell and the 47th President.

JUST IN: 🇺🇸 President Trump says he hopes Fed Chair Jerome Powell lowers interest rates.

— Watcher.Guru (@WatcherGuru) March 24, 2025

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President Trump Reiterates Desire for Federal Reserve to Lower Interest Rates

The US economy has been stuck in a rather concerning state for much of March. With the US implementing aggressive economic policy, a budding trade war appears just on the horizon. Moreover, there are worries that a recession could be set to take place before 2025 comes to an end.

However, the ongoing fight against inflation has created some debate and conflict on Capitol Hill. Specifically, speaking at a vital cabinet meeting, US President Trump says he hopes Fed Chair Jerome Powell and the Central Bank will lower interest rates.

Also Read: Fed Chair Powell on Cutting Interest Rates: No Need To Hurry

The sentiment echoes what the President said when the agency decided to halt cuts this month. Indeed, he took to his Truth Social platform and urged Powell to continue cutting rates. Specifically, he said the Federal Reserve would be “much better off” as tariffs “start to transition (ease!) their way into the economy.”

Trump’s advocating for interest rate cuts extends to January. However, Powell has not wavered from his “wait and see” approach. “Uncertainty around the changes and their effects on the economic outlook is high,” Powell said. “We are focused on parsing the signal from the noise.”