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President Trump has been advocating for the Federal Reserve to lower interest rates recently. Despite this, Fed officials chose to keep interest rates steady after their latest meeting. Trump's relationship with the US central bank is intricate.

The Federal Reserve aims to maintain independence from politics, but Trump has openly expressed his opinions on what actions the central bank should take. Trump has persistently pushed for decreased interest rates and has shown concerns about potential interference with the Fed's autonomy to have more influence over monetary policies.

This week showcased tensions following the Fed's decision to keep interest rates unchanged, with officials focusing on higher inflation and lower growth projections for 2025. As the Fed navigates Trump's policies and his efforts to involve himself in rate-setting decisions, here are five key points to understand about Trump's turbulent association with the central bank.

1. Trump Expresses Discontent with the Fed's Recent Rate Decision

Trump voiced dissatisfaction with the Fed's latest rate decision, urging the central bank to lower interest rates amid the transitioning US tariffs. He made this known shortly after the March policy meeting concluded.

2. Trump Has a History of Pressuring the Fed

This recent instance of pushing for rate cuts is not the first time Trump has attempted to influence monetary policy. Previously, at the World Economic Forum, he stated a demand for immediate interest rate reductions. Concerns about Fed independence were also raised last year when reports emerged of plans for Trump to have more control over the central bank's policy decisions.

3. The Fed Is Unlikely to Yield

Despite Trump's pressure for rate cuts, the Fed does not seem inclined to implement them in the near future. Most Fed officials expressed beliefs that inflation risks were leaning towards an increase in their updated economic projections.