Trump Urges Emergency Fed Meeting to Slash Interest Rates

FomoAnxiety · 2026-03-16T21:37:43+00:00

President Trump called for the Federal Reserve to cut interest rates during a speech, arguing it's the right time for a reduction amid rising concerns about inflation due to the U.S.-Iran war. The Fed's next meeting may leave rates unchanged.

FomoAnxiety

2026-03-16 21:37:43

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President Trump urged the Fed to hold a special meeting to cut interest rates during a White House speech on Monday. “What’s a better time to cut interest rates than now?” he said. “A third-grade student would know that.”

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The Fed is scheduled to hold its Federal Open Market Committee (FOMC) meeting on Wednesday at 2 p.m. Eastern Time and is widely expected to hold rates steady.

U.S.-Iran War Sends Fed Cut Odds Lower

The U.S.-Iran war has only lowered the odds of rate cuts this year, as rising oil and gas prices have contributed to concerns of a revival of inflation. By year-end, the most likely outcome on the CME FedWatch tool at 40.9% is for the Fed to cut rates just once, or by 25 bps. The second most likely outcome at 34.3% is for zero cuts.

Trump has brushed off these concerns, saying that oil prices will “drop like a rock” when the war ends. Treasury Secretary Scott Bessent echoed his stance and said that oil will drop below $80 per barrel after fighting ceases.

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