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FX Daily Updates
Trump says US economy in "transition," urges Fed to cut rates
georgemiller
Publish Date: Fri, 02 May 2025, 13:47 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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https://www.reuters.com/world/us/trump-says-us-economy-transition-urges-fed-cut-rates-2025-05-02/