Editor’s Note: This headline has been updated to reflect the accurate wording of Donald Trump’s quote
President Donald Trump on Friday celebrated what he described as a “transition stage” of economic renewal, as recent economic data showed falling consumer prices and solid job growth, defying concerns that trade tariffs would reignite inflation or destabilize the labor market.
In a post shared Friday on Truth Social, Trump said gas prices had “just broke $1.98 a gallon,” and claimed “no inflation,” urging the Fed to lower interest rates. “Consumers have been waiting for years to see pricing come down,” he said.
“The Fed should lower its rate!,” Trump stated.
During a rally in Michigan this week, Trump took fresh aim at Federal Reserve Chair Jerome Powell, saying, “I have a Fed person who is not really doing a good job.”
“You’re not supposed to criticize the Fed,” …