Trump Calls for Lower Interest Rates as Powell Heads to Hill
- Underlying US inflation was hotter than expected last month
- President has long sought to influence central bank policy
The Marriner S. Eccles Federal Reserve building in Washington, DC.
Photographer: Samuel Corum/BloombergThis article is for subscribers only.
President Donald Trump called for lower interest rates, seeking to raise pressure on the Federal Reserve as he moves to implement a second-term economic agenda high on tariffs and expanding tax breaks.
“Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs,” Trump said Wednesday in a post on social media.