Gold prices steady as traders assess Fed rate outlook after soft US data
Investing.com - President Donald Trump again called for the Federal Reserve to lower interest rates on Thursday, citing record highs in technology and industrial stocks.
In a post on Truth Social, Trump highlighted that tech stocks, industrial stocks, and the NASDAQ had reached "all-time, record highs" while cryptocurrency was "through the roof." He specifically mentioned NVIDIA (NASDAQ:NVDA), claiming it had risen 47% since his tariff announcements.
Trump asserted that the United States is collecting "hundreds of billions of dollars in tariffs" and declared the country is "back." He emphasized there is "no inflation" while urging the Federal Reserve to "rapidly lower" interest rates.
In a second Truth Social post, Trump continued his call for rate cuts, stating that the U.S. is "now, again, the Number One Credit in the World" and had made a "gigantic comeback." He insisted that the Federal Reserve’s interest rate should reflect this economic strength.
Trump’s posts used all-capital letters for emphasis on several points, including his assertion that the U.S. "should be at the top of the list" and his demand to "lower the rate."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.