Trump says US economy in "transition," urges Fed to cut rates
ReutersMay 2, 2025 1:02 PM
May 2 (Reuters) - President Donald Trump on Friday said the U.S. economy is in a transition stage, citing strong employment and his tariff plan while reiterating his call for the U.S. Federal Reserve to lower its interest rate.
"We’re only in a transition stage, just getting started!" he said in a Truth Social post. The post followed the release of U.S. data that showed job growth slowed marginally for April.
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