Reported about 6 hours ago
Donald Trump dismissed a higher-than-expected inflation report as 'Biden inflation' while reiterating his call for lower interest rates. Following the release of data showing a 3% rise in consumer prices, he made several posts on Truth Social, linking interest rates to upcoming tariffs. This response came shortly after Federal Reserve Chair Jerome Powell indicated a cautious approach to rate changes. Trump's recent policy announcements include new tariffs on steel and aluminum, alongside discussions about significant budget cuts aimed at reducing inflation.
Source: YAHOO