U.S. President Donald Trump on Friday called on Federal Reserve Chairman Jerome Powell to cut interest rates, saying it was the "perfect time" to do so.

His remarks come amid growing unease in financial markets as the impact of Trump’s latest round of tariffs on key trade partners continues to unfold.

Federal Reserve Vice Chair Philip Jefferson said interest rates remain well positioned to handle competing risks despite a high degree of uncertainty in the economic outlook amid substantial changes to US policies on trade,

President Trump urged the Federal Reserve to cut interest rates and ripped the head of the independent central bank as new tariffs caused stocks to plunge. In a Friday post on his Truth Social

The Fed releases a report called the Summary of Economic Projections (SEP) four times per year, which tells the public where members of the Federal Open Market Committee (FOMC) believe inflation, economic growth, the unemployment rate, and interest rates could be in the future.

President Trump’s trade war has traders scaling up their bets on interest-rate cuts. Federal-fund futures now show that traders see a 59% chance that the Federal Reserve will cut rates by at least a percentage-point this year,

Interest rates were held steady in January and March following cuts to rates in 2024. In addition to the information provided in the decision statement, Federal Reserve Chair Jerome Powell is ...