U.S. President Donald Trump and Federal Reserve official Thomas Barkin simultaneously issued critical statements regarding domestic and foreign policies. While calling for the Federal Reserve to drop the Intrerest Rate, Donald Trump issued a significant warning about the Ukraine-Russia war and shared progress related to a series of trade agreements. Donald Trump believes the Federal Reserve should drop the Intrerest Rate and stated that Federal Reserve Chairman Jerome Powell has been slow to act on this issue. Richmond Federal Reserve Bank President Thomas Barkin responded indirectly to the Intrerest Rate policy. He stated that they do not expect high inflation pressures like those in 2022 to reoccur but noted that tariffs could bring new price pressures. He further stated that the final level of tariffs has not yet been determined. Regarding foreign policy, Donald Trump mentioned the war between Russia and Ukraine, warning that if both sides cannot reach an agreement within 50 days, there could be "catastrophic consequences." He also warned Ukrainian President Zelensky that he "should not target Moscow." Donald Trump emphasized that he is not taking sides, saying, "My goal is to stop the killing." Donald Trump claimed that the U.S. would impose a 19% tariff on Indonesia, based on a trade agreement currently under negotiation, but U.S. exporters would not have to pay any taxes. He also stated that the U.S. would allow full access to the Indonesian market. He pointed out that Indonesia has precious resources such as rare elements. Donald Trump claimed that new tariff measures are being imposed on Brazil while stating that negotiations with the EU are ongoing, and he believes the outcome will satisfy everyone. He also mentioned that a new agreement with India will be announced soon, which will create opportunities for market access.

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