On April 17 and 18, 2022 local time, U.S. President Trump continuously pressured Federal Reserve Chairman Powell to lower interest rates.

Trump believes Powell's actions are slow and that he should have cut rates like the European Central Bank a long time ago. He also vehemently attacked Powell on social media and at press conferences, accusing him of "playing politics" and even claiming he has the authority to fire Powell immediately.

Trump's pressure on Powell to lower interest rates is mainly due to reasons such as reducing interest expenses, boosting domestic demand, and expanding his own influence. However, Powell and the Federal Reserve believe that the Trump administration's policies have brought about high uncertainty, and the impact of tariff policies on U.S. inflation may be higher than expected. Therefore, before deciding whether to adjust interest rates, they will wait for the government to present a "clearer policy" and continue to observe the economic trend during this period.