April CPI Growth Hits Lowest in Over Four Years
Trump: "No Inflation... Lower Rates Like Europe and China"
U.S. President Donald Trump renewed his pressure on the Federal Reserve (Fed) to cut interest rates after last month's inflation rate slowed.
On the 13th (local time), President Trump stated on his self-created social networking service (SNS), "There is no inflation. Prices of virtually everything, including gasoline, energy, and groceries, have fallen."
He added, "The Fed should lower interest rates like Europe and China," and questioned, "What is wrong with Powell for being so late (with rate cuts)?"
After last month's U.S. inflation rate declined, Trump once again pressured the Fed, which had kept rates unchanged due to concerns over a potential rebound in inflation, to cut rates. According to the U.S. Department of Labor, the Consumer Price Index (CPI) for April this year rose 2.3% year-on-year, marking the lowest level in four years and two months since 2021. This price index reflects for the first time the impact of reciprocal tariffs that took effect last month, and so far, the inflationary effects of tariff policies are considered to be limited.
President Trump argued, "Isn't it unfair to Americans who are ready to bloom to delay a rate cut?" He added, "Let everything happen. It will be beautiful."
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