President Donald Trump used a Michigan stage Tuesday to escalate pressure on the Federal Reserve while pitching tariffs as the engine behind a revival in auto jobs and factory investment.

Speaking at the Detroit Economic Club, Trump framed the economy as being in the midst of a historic boom, crediting deregulation, tariffs and energy policy for strong growth, rising investment and record stock market levels.

Trump Targets The Fed Over Rates

"In the old days, when you had good numbers, interest rates would go down and the market would go through the roof," Trump said. "Now you announce great numbers and they raise rates to try and kill the rally."

The president indicated that strong growth should translate into lower borrowing costs, not higher ones, contending that falling rates would reinforce U.S. economic strength rather than threaten stability.

His remarks add to mounting political pressure on the Fed as markets continue to debate the timing and pace of potential rate cuts in 2026.

While Trump did not name Fed officials directly, his remarks underscored a push for a central bank leadership more aligned with his pro-growth priorities, as speculation ...