ব্যঙ্গাত্মক বর্ণনা এবং ফরেক্সের প্রবেশদ্বার বিন্যাস
Trump pushes Fed to cut rates as egg prices ease
US President Donald Trump is once again urging the Federal Reserve to "do the right thing" and lower interest rates. On Thursday, he took to his favorite platform, Truth Social, to make his case, this time citing an unconventional argument: prices for eggs and gasoline are coming down, so rates should follow suit.
According to Trump, egg prices have "significantly declined" in recent weeks compared to levels seen under Biden's administration. As a reminder, a surge in egg prices was triggered by a major outbreak of avian flu, prompting many Americans to rethink their breakfast habits. Trump did not miss an opportunity to point the finger of blame at the former president. Now that the epidemic has subsided, the logic goes, interest rates should fall along with egg prices.
That said, while egg prices have come down, they remain elevated by historical standards. Gasoline prices have also fallen but remain unstable. Nevertheless, Trump insists that the Fed cast aside its hesitation and cut rates now.
The Fed, however, appears to be on a different page. This week, the central bank expressed its reluctance to ease monetary policy. Officials cited lingering inflation risks and uncertainty—much of it linked to Trump's tariff agenda. At Wednesday's meeting, the regulator left interest rates unchanged but raised its inflation forecast and lowered its GDP growth outlook for 2025.
Still, Trump is not backing down. He continues to remind the Fed that rate cuts "would be great." The president believes the move would support both American consumers and the broader economy. The question now is whether the central bank is willing to listen.
© InstaFintech Group
