May 2, 2025
Trump says economy transitioning, calls for lower Fed interest rates
Investing.com -- This Friday, President Donald Trump stated that the U.S. economy is currently transitioning, pointing to robust employment figures and his tariff plan. He also renewed his appeal to the U.S. Federal Reserve to decrease its interest rate.
The President’s comments were shared in a post on Truth Social, a social media platform. His remarks came in the wake of new U.S. data indicating a slight slowdown in job growth for April. Despite this, Trump emphasized the strength of the employment sector, saying, "We’re only in a transition stage, just getting started!"
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.