There Is No Inflation Says Trump As Tariff Blitz Bleeds Global Markets, Tells Fed To Cut Rates

Last Updated:April 07, 2025, 16:42 IST

President Trump urged the Federal Reserve to cut interest rates and criticized China and other nations for imposing tariffs on US imports, claiming the US economy benefited.

Donald Trump argued that the Federal Reserve, which he called “slow moving,” should act promptly and cut rates. (IMAGE: REUTERS)

US President Donald Trump on Monday called on the Federal Reserve to cut interest rates and doubled down on his criticism of China and nations who have imposed tariffs on US imports.

“There is NO INFLATION," Trump wrote, while claiming that the US economy was pulling in “Billions of Dollars a week" from tariffs imposed on what he described as “abusing countries," particularly China.

Washington D.C., United States of America (USA)

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