Trump says lower interest rates would go well with tariffs

President Trump is once again pressuring the Federal Reserve on interest rates. The president wrote on social media that interest rates should be lowered. He said lower rates would go “hand in hand” with his upcoming tariffs, despite economists’ expectations that tariffs would fuel inflation. Federal Reserve Chair Jerome Powell told Congress this week that the Fed was in no rush to cut its short-term interest rate again given the overall strong economy.