Trump wants lower interest rates to ‘counteract’ the inflation from his own tariff policies
- President Donald Trump wants the Federal Reserve to cut interest rates as a countermeasure to the expected economic slowdown and rising inflation from tariffs. However, the widespread uncertainty is only making it harder for the Fed to put an end to their current holding pattern on rate cuts.
President Donald Trump and Federal Reserve chair Jerome Powell are at odds.
On Thursday Trump again called on the Fed, and Powell specifically, to lower interest rates. Just...