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International Business Times

Politics

Luke Funk

Trump Reverses Position On Interest Rates, Says Holding Them Steady 'Right Thing To Do'

Donald Trump Interest Rates Jerome Powell Inflation United States US Federal Reserve

U.S. President Donald Trump walks towards the White House from Marine One after landing on the South Lawn on February 2, 2025 in Washington, DC. Trump is returning to Washington after spending the weekend at his club, Mar-a-lago, in Florida. (Credit: Samuel Corum/Getty Images)

After previously saying he would "demand" interest rates drop immediately, President Donald Trump now says he agrees with the decision by the Federal Reserve last week to hold them steady.

The rate-setting Federal Open Market Committee voted Wednesday to keep its key lending rate between 4.25 and 4.50 percent.

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