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progree

(11,947 posts)
18. Trump calls on Fed to cut rates, saying prices of 'practically everything' are down, Reuters, 5/13
Tue May 13, 2025, 02:46 PM
May 13
https://finance.yahoo.com/news/trump-calls-fed-cut-rates-175540927.html

U.S. President Donald Trump on Tuesday repeated his call for the Federal Reserve to lower interest rates, saying prices for gas, groceries and "practically everything else" are down.

"No Inflation, and Prices of Gasoline, Energy, Groceries, and practically everything else, are DOWN!!! THE FED must lower the RATE, like Europe and China have done," Trump said on Truth Social.

"What is wrong with Too Late Powell? Not fair to America, which is ready to blossom? Just let it all happen, it will be a beautiful thing!," Trump added, repeating criticism of Fed Chairman Jerome Powell.

Short article, no more at link.

Not true - see graphs in #15 and OP above. Prices overall were up 0.2% from March to April.
One can see the components month-by-month increases and annual increase in the Table A at https://www.bls.gov/news.release/cpi.nr0.htm

Gasoline declined 0.1% but energy overall is up 0.7% in April. It's true that groceries are down 0.4% (after a 0% increase in February and a 0.5% increase in March). Food away from home is up 0.4% each month for the past 3 months.

"Practically everything else" is up.

And BTW, Mr. President, Powell doesn't make the rate decisions. It's made by a vote of the FOMC (Federal Open Market Committee) of which Powell is one of twelve votes.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Are these the real numbers? gab13by13 May 13 #1
I can't believe anything coming from this administration. groundloop May 13 #5
The original reads like the usual BLS no-style style. mahatmakanejeeves May 13 #2
Hell...when Trump tariffs destroys the economy those numbers could be 1.5% Bengus81 May 13 #3
It's possible the tariffs don't destroy the economy. Self Esteem May 13 #10
30% on China good right now is HUGE. Just not as ridiculous as 145% Bengus81 May 13 #12
And it's still possible it doesn't impact the economy like many claimed. Self Esteem May 13 #14
bottom line is Skittles May 13 #19
Ok, so it rose a little bit? mwmisses4289 May 13 #4
I still am waiting for all the deflation in prices the orange buffoon promised. mdbl May 13 #6
Have the effects of the tariffs rippled through to store shelves? HereForTheParty May 13 #7
I smell Sharpie. twodogsbarking May 13 #8
Fortunately, you can compare prices yourself. Self Esteem May 13 #9
The expectation is that prices will go up so when they don't go up as much as projected it is a win for us. twodogsbarking May 13 #16
DOGE Boy math? ... littlemissmartypants May 13 #11
Tariffs are a tax and have disinflationary effects via reduced aggregate demand mathematic May 13 #13
Graphs - rolling 3 month average and month-over-month, both annualized progree May 13 #15
That can't possibly be right. rsdsharp May 13 #17
Trump calls on Fed to cut rates, saying prices of 'practically everything' are down, Reuters, 5/13 progree May 13 #18
Economic policies usually have a lead time to take effect. This low inflation rate we are seeing now totodeinhere May 13 #20
Latest Discussions»Latest Breaking News»Annual inflation rate hit...»Reply #18