President Donald Trump is continuing to pressure the Federal Reserve to cut interest rates.

He says, "They have to do a rate cut."

Trump says the word recession is "inappropriate" and if the Fed would do its job, "you would see a burst of growth like you've never seen before."

Trump says his administration is a looking at tax cut proposals but not as a response to a potential recession.

He says, "I'm looking at that all the time anyway." Trump talked about the economy and trade with China during a meeting Tuesday in the Oval Office with the president of Romania.

Trump says his administration is looking at a cut in the capital-gains tax when investors sell assets. It is also exploring lower payroll taxes.

Trump on Tuesday said his administration was looking to cut U.S. taxes, but he was not talking about doing anything at this moment.

"We're very far from a recession," Trump told reporters during a White House visit by Romanian President Klaus Iohannis.

He added that the United States is doing well on the economy but "the fact is somebody had to take China on.”

Trump has been talking up the economy in recent days and dismissing recession fears. A strong economy is seen as key to his re-election prospects in 2020, but trade tensions with China are stoking concerns about an imminent slowdown.

Millions of U.S. workers pay payroll taxes on their earnings to finance the Medicare health insurance program for the elderly and Social Security, which provides income payments for retirees.