Trump Touts Economic Wins and Presses Fed for Rate Cuts Amid Market Rebound.

The S&P 500 is now back to where it was before President Trump announced a massive round of tariffs on April 2, despite concerns about a prolonged trade war and a recession.

After a better-than-expected April jobs report, President Trump is again calling on the Fed to lower interest rates.

“Gas prices just dropped to $1.98 a gallon — the lowest in years, food prices (including eggs!) are down, energy is down, mortgage rates are down, jobs data is strong, and there’s a lot of good news, as billions of dollars are pouring in from tariffs. Just like I said, and we’re just in the TRANSITION, just getting started!!! Consumers have been waiting years for prices to come down. NO INFLATION, THE FED SHOULD LOWER INTEREST RATES!!!” — DJT.

A gentle reminder: Financial markets and the economy are two different things, which is why economists are not Wall Street CEOs.