U.S. President Donald Trump delivered remarks Thursday in a video appearance at the World Economic Forum’s annual gathering in Davos, Switzerland.

While speaking at the World Economic Forum at Davos on Jan. 23rd, president Donald Trump announced plans to force the Federal Reserve into cutting interest rates without delay, escalating what will likely become a renewed battle with the central bank.

WASHINGTON - President Donald Trump said on Thursday that the "Golden Age" of America had begun and that it was "back and open for business" while addressing business and political leaders gathered at the World Economic Forum’s annual meeting in Davos, Switzerland.

U.S. West Texas Intermediate crude (WTI) fell $1.01, or 1.34%, to $74.43. The broader economic implications of U.S. tariffs could further dampen global oil demand growth, said Priyanka Sachdeva, senior market analyst at brokerage Phillip Nova.

President Donald Trump said he would press the Federal Reserve to lower interest rates “immediately,” rekindling a fight over the historically independent U.S. central bank.

Donald Trump, at the World Economic Forum in Davos, demanded a global drop in interest rates, marking his first direct challenge to Federal Reserve policies. This call comes ahead of the Fed's policy meeting,

His message for central banks to make an immediate interest rate cut signals potential pressure on the US Federal Reserve.

During his speech in World Economic Forum at Davos, Trump urged companies to manufacture their products in the US and vowed to offer tax relief or else face tariffs. In his speech, Trump also revealed his plan to lower interest rates and ask OPEC to lower oil prices.

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Trump has signed executive orders to withdraw the U.S. from the World Health Organization and the Paris climate agreement since he took office.

The broad based index finished the trading day up over 0.5%, securing its first all-time closing high of 2025. The Dow Jones Industrial Average ( ^DJI) popped around 0.9%, but was unable to secure its own record, while the Nasdaq Composite ( ^IXIC) recovered from earlier losses to close up about 0.2%.

Supreme power appealed to Trump’s supporters, but the reality is America’s complex and at times cumbersome and litigious democracy just won’t allow for it.