Trump continues to urge Fed to lower interest rates

President Trump continues to urge the Federal Reserve to lower interest rates. On Wednesday, the Fed left its benchmark interest rates unchanged. Reacting to the news, President Trump criticized chairman Jerome Powell for holding rates at current levels instead of slashing them, and suggested Powell was doing it because “he’s not in love with me.” Powell has warned that the president’s tariffs were creating uncertainty and the Fed could afford to wait until more data shows the impacts on the economy.