Still in April Donald Trump appealed to the head of the Federal Reserve Jerome Powell, so that the FED he managed to lower interest rates. The US president called him then “a great loser” and suggested that he had a way to remove Powell from his position in the event of different decisions.
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Later, however, Trump reflected and stated that the President of the Fed “fire” is not intending. “I'm not going to slow down. I would like it to be a little more active when it comes to the idea of lowering interest rates. This is the perfect time to lower interest rates. And if he doesn't do it or is it over? No, it's not over” – Trump said at the time.
US economic growth slightly down. Workplace up
A week ago, the American Department of Trade announced that gross domestic product (in a tanted) in the USA fell by 0.3 percent. in the first quarter of 2025
The average forecasts assumed a small, but still GDP growth in the first quarter, was to be 0.3 percent. For comparison, in the fourth quarter of 2024, i.e. before Donald Trump took office, the American GDP grew by 2.4 percent. This is the first negative result in three years (in the first quarter of 2022, -1 percent were recorded). Private consumption (annualized) increased in the first quarter by only 1.8 %, i.e. clearly slower than 4 percent. recorded in the last three months of 2024.
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The US Department of Work later provided information on the number of new jobs in April. This number in non -agricultural sectors in the United States increased in April 2025 by 177 thousand. This result is better than forecasts, because only 130,000 growth was expected. On the other hand, an extremely large reading from the previous month was revised down: up to 185,000. from 228 thousand originally served.
