Economy

Trump's Pass: Perfect to Cut Interest Rates Now

Donald Trump is lecturing Federal Reserve Chairman Jerome Powell in a new post on Truth Social. "Lower interest rates, Jerome, stop playing politics!" the president writes.

Trump believes that it would be "perfect" timing for the central bank to cut interest rates now. "Energy prices are down, interest rates are down, inflation is down and even eggs are down 69 percent," the president claims.

Donald Trump also gives Powell the boot for "always" acting too late.

Fed Chairman: Unexpectedly High Tariffs - Too Soon to Act

The tariff increases will be significantly higher than expected and so will the effects on the economy with higher inflation and weaker growth. This is what Federal Reserve Chairman Jerome Powell says, according to a pre-recorded speech. But uncertainty is high and it is too early to say which way monetary policy will go.

– We are well positioned to wait for greater clarity before considering any adjustment to our policy stance, Powell said in the speech.

The tariffs will at least lead to a temporary rise in inflation, but the effects could also be more persistent, he believes.

Trump: “Fantastic jobs numbers, it’s already working!”

President Donald Trump is praising Friday’s unexpectedly strong jobs report for March. “Fantastic jobs numbers, much better than expected,” he wrote on Truth Social.

“It’s already working. Hang in there, we can’t lose!” the president continued.

A total of 228,000 new jobs were created compared to the expected 135,000 new jobs in March. At the same time, the figures for January and February were revised down by a total of 48,000 new jobs and unemployment rose more than expected.

Fear: An iPhone in the US could cost 22,000 kronor

The new tariff package is the most offensive in the US in 100 years, and is expected to drive up costs for American consumers significantly. The latest iPhone model, for example, is expected to cost 2,300 dollars, equivalent to 22,400 kronor. This is reported by Reuters.

The Trump administration is introducing a basic level of tariffs of 10 percent, while a number of countries will receive significantly higher tariffs than that. The average American household is expected to have increased costs of 2,100 dollars per year, equivalent to 20,500 kronor, due to the tariffs, according to the politically independent think tank Tax Foundation. This is reported by CNN Business.

Trump gives Tiktok another 75 days to find a new owner

Donald Trump gives Tiktok a reprieve for another 75 days, the president writes on Truth Social. His administration “has worked very hard for a deal to save Tiktok,” Trump continues, adding that “tremendous progress” has been made in the negotiations.

The president said the delay was to allow time for all necessary approvals to be signed.

“We don’t want TikTok to be shut down. We look forward to continuing to work with TikTok and China to close the deal.”

Congress has banned the Chinese video app in the United States on national security grounds. For TikTok to remain in the U.S., an American buyer must take a large enough stake from its parent company, Bytedance.

Trump’s previous delay for TikTok was set to expire on Saturday.