Trump just said there's 'no inflation' in the US. But it's still higher than what the Fed wants.

President Donald Trump says there's "no inflation," but the latest information shows the conflict against rising prices is inactive going on, and they're rising faster than the Federal Reserve would like.

In a station connected Truth Social connected Friday morning, the president pointed to inflation, state prices, and owe rates each being down, and reiterated calls for the Fed to chopped involvement rates.

"Gasoline conscionable broke $1.98 a Gallon, lowest successful years, groceries (and eggs!) down, vigor down, owe rates down, employment strong, and overmuch much bully news, arsenic Billions of Dollars determination successful from Tariffs," Trump wrote, emphasizing that the system was lone successful a "TRANSITION STAGE" aft helium rolled retired his slate of tariffs past month. "Consumers person been waiting for years to spot pricing travel down. NO INFLATION, THE FED SHOULD LOWER ITS RATE!!!," helium added.

Trump's comments came soon aft the April jobs report, which showed that hiring was amended than expected past month. His station nodded to cooling prices, but user prices person inactive been rising, and were up 2.4% year-over-year successful March. That's supra the Fed's 2% target.

Inflation has been cooling steadily since 2022. However, the complaint is inactive higher than it was during astir of Trump's archetypal term, erstwhile mean yearly compound ostentation was astir 1.8%.

But what astir different stats rattled disconnected successful Trump's post?

The president said state prices are $1.98 per gallon, but the latest play information from the US Energy Information Administration amusement they clocked successful astatine astir $3.13 per gallon.

Mortgage rates, meanwhile, person successful information travel down arsenic Trump stated. The mean 30-year fixed-rate owe was astir 6.83% this week, compared to 7.08% a time aft the inauguration.

"The Trump administration's policies are delivering much-needed economical alleviation for mundane Americans portion laying the groundwork for a semipermanent restoration of American Greatness. The information is clear: 2 March ostentation reports showed nary monthly terms hikes, and Gross Domestic Investment changeable up 22% arsenic companies proceed to marque trillions successful historical concern commitments to Make successful America," Kush Desai, a White House spokesperson, told Business Insider.

Trump's astir caller telephone for little rates is greatly toned down compared to his comments past period that Powell should beryllium fired. Last month, Trump stated that helium was looking astatine a mode to footwear Powell from his station earlier the extremity of his word successful 2026. After markets balked astatine the prospect, Trump backed off, stating helium had nary volition of sacking the Fed chief.