Trump says US economy in “transition,” urges Fed to cut rates

(Reuters) -President Donald Trump on Friday said the U.S. economy is in a transition stage, citing strong employment and his tariff plan while reiterating his call for the U.S. Federal Reserve to lower its interest rate.

“We’re only in a transition stage, just getting started!” he said in a Truth Social post. The post followed the release of U.S. data that showed job growth slowed marginally for April.

(Reporting by Brendan O’Brien; editing by Susan Heavey)