President Donald Trump on Friday said the U.S. economy is in a transition stage, citing strong employment and his tariff plan while reiterating his call for the U.S. Federal Reserve to lower its interest rate.

The central bank projected inflation would stay roughly on course to hit its 2% target in coming years, a sign that risks from U.S. tariffs could delay, but not derail, its rate hike plans.

The Bank of Japan (BOJ) is expected to keep its short-term interest rate unchanged at 0.5% on Thursday, while cutting its economic growth forecasts due to rising uncertainty from U.S. tariffs under President Donald

The Bank of Japan predicted growth of just 0.5 percent, cutting its previous forecast in half, and decided against another hike in interest rates.