United States President Donald Trump on Tuesday urged the Federal Reserve to lower interest rates, drawing comparisons to recent moves by the European Central Bank and the People's Bank of China. Trump's call for action comes as new data shows easing inflation in the US economy.

“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 stated on Truth Social. He criticized Federal Reserve Chair Jerome Powell, referring to him as 'Too Late Powell,' and questioned the delay in rate cuts. “Not fair to America, which is ready to blossom? Just let it all happen, it will be a beautiful thing,” he added.

Trump's comments followed a report by the Bureau of Labor Statistics indicating that annual inflation in the United States declined to 2.3% in April, down from 2.4% in March. The figures highlight a steady moderation in consumer prices, bolstering Trump's argument for monetary policy easing.

By advocating for lower rates, Trump aims to stimulate further economic growth, reduce borrowing costs, and enhance competitiveness in global markets. His criticism of the Federal Reserve reflects longstanding frustrations with what he perceives as cautious and delayed responses from the central bank.

The comparison to Europe and China underscores Trump’s position that the US must align with global economic strategies to remain competitive. Both the ECB and PBoC have implemented rate cuts in recent months to support their respective economies.

As inflation eases and economic indicators stabilize, Trump's push for a rate cut signals his administration's intent to capitalize on favorable conditions to spur growth. Whether the Federal Reserve will heed his call remains to be seen, but the debate over interest rates is likely to intensify in the coming weeks.