President Trump took to social media before the market open on Monday and called for the Fed to cut rates as markets tumble and some on Wall Street see the US economy tipping into recession this year.

President Trump urged the Federal Reserve to cut interest rates and ripped the head of the independent central bank as new tariffs caused stocks to plunge. In a Friday post on his Truth Social

The Fed releases a report called the Summary of Economic Projections (SEP) four times per year, which tells the public where members of the Federal Open Market Committee (FOMC) believe inflation, economic growth, the unemployment rate, and interest rates could be in the future.