After a stronger-than-expected April jobs report, Donald Trump renewed his call for the Federal Reserve to cut interest rates, claiming inflation is no longer a concern.

He praised the economy as being in a “transition stage” and argued that consumers deserve lower prices.

While Trump has long criticized Fed Chair Jerome Powell, he has recently toned down his attacks, saying he has “no intention” of firing him—despite earlier threats that rattled markets, CNBC has reported.

Trump continues to assert that he knows more about interest rates than the Fed and remains critical of President Biden for recent economic downturns.

Written by B.C. Begley