President of the United States Donald Trump today called on the Federal Reserve System (the central bank of the USA) to lower interest rates "as soon as possible".

Trump also criticized the head of the Federal Reserve System Jerome Powell, saying in a social media post: "Almost everyone agrees that the Federal Reserve needs to lower interest rates as soon as possible".

He added: "Powell, the man known for his delays, may ruin everything again... But who knows?".

Today, Trump also stated that the retail chain Walmart should "bear the costs of tariffs" instead of using them as an excuse to raise prices.

Trump's statements were a reaction to the announcement by the world's largest retail chain, which a few days ago stated that it would have to start raising prices this month due to increased tariff costs.