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Donald Trump called for a reduction in interest rates, suggesting it should align with the tariffs he's imposing on steel and aluminum imports, which he raised to 25%. He believes these actions would benefit U.S. industries. However, Federal Reserve Chair Jerome Powell stated that the Fed is not in a rush to cut rates, citing the strength of the economy. Economists worry that the higher tariffs could increase inflation, delaying interest rate cuts. The Fed is expected to wait until the next quarter before considering any rate reductions.