Trump Urges Fed To Cut Rates As April Tariffs Loom, Declares April 2nd 'Liberation Day' For Economy

President Trump called on the Federal Reserve to cut interest rates as the White House prepares new tariffs set to roll out on April 2nd, according to Bloomberg. Trump said on Truth Social that tariffs are easing into the economy and argued a rate cut would help. He declared that “April 2nd is Liberation Day in America.” The Fed held rates steady for the second straight meeting Wednesday. Chair Jerome Powell said tariff-related uncertainty contributed to inflation but might be temporary. Trump said he shouldn't control interest rate decisions but believes he has the right to comment on them. His top economic advisers argue the Fed must stay independent to maintain trust in the U.S. economy and markets.