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Trump went to Truth Social Friday morning to invoke the Fed again to reduce prices.
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Trump said there was “no inflation”, but prices are still increasing.
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Consumer price increased by 2.4% in annual slip in March, according to the latest inflation data.
President Donald Trump says that there is “no inflation”, but the latest data show that the battle against the price increase is still taking place, and they increase faster than the federal reserve.
Friday morning, in an article on Truth Social, the president underlined inflation, gas prices and downward mortgage rates, and reiterated that the Fed reduces interest rates.
“Essence has just broken $ 1.98 the gallon, the lowest for years, the grocery store (and the eggs!) At the bottom, the energy down, mortgage rates, high job and many more good news, while billions of dollars flock prices”, Trump wroteStressing that the economy was only in a “transition phase” after deploying its list of prices last month. “Consumers have been waiting for years to see prices drop. No inflation, the Fed should reduce its rate !!!”, he added.
Trump’s comments occurred shortly after the job report in April, which showed that hiring was better than expected last month. His position nodded at cooling prices, but consumer prices have always increased and increased by 2.4% in annual sliding in March. It is above the 2% lens of the Fed.
Inflation has cooled regularly since 2022. However, the rate is always higher than during most of Trump’s first mandate, when the average annual inflation of compounds was around 1.8%.
But what about other statistics shaken in Trump’s position?
The president said that gas prices are $ 1.98 Gallon, but the latest weekly data from the US Energy Information Administration show that they have succeeded in around $ 3.13 per gallon.
Mortgage rates, on the other hand, have in fact dropped as Trump said. The average fixed rate mortgage of 30 years was around 6.83% this week, against 7.08% per day after the inauguration.
“Trump administration policies offer essential economic relief for everyday Americans while launching the foundations for long -term catering in American size. The data is clear: two March inflation reports have shown no monthly price increases, and gross domestic investment took 22% while companies continue to make trillions in historical investment commitments to make the creation of Business Inside.
Trump’s most recent call at lower rates is considerably attenuated compared to his comments last month that Powell should be dismissed. Last month, Trump said he was considering a way to start Powell from his post before the end of his mandate in 2026. After the markets fell to the prospect, Trump fell, declaring that he did not intend to dismiss the Fed chief.
