Donald Trump is pressuring the Federal Reserve to cut interest rates following a favorable inflation report, arguing that the current base rate is too high with a modest 2.3% annual CPI increase. However,

Inflation eased to a four-year low in April as the nascent impact of President Donald Trump’s sweeping tariffs were offset by their cost-dampening effects in a slowing economy. Overall consumer prices increased 2.

Recent inflation data shows a moderate increase, yet economists warn that Trump's tariffs could still impact the U.S. economy. With the Consumer Price Index rising by 0.2% in April, the Federal Reserve may pause interest rate cuts.