Reported about 4 hours ago
After the release of an unexpectedly high inflation report, Donald Trump and his allies criticized the Federal Reserve for what they deemed excessive interest rate cuts. Trump claimed that the rapid decrease in rates was a political maneuver aimed at the upcoming election, which he believes has contributed to rising inflation that negatively impacts the American economy, especially for young people. While the Republicans focus on these concerns, the Biden administration highlighted the annual inflation rate's slight decline, suggesting continued progress.
Source: YAHOO