Reported 1 day ago
President Trump is urging Federal Reserve Chairman Jerome Powell to lower interest rates immediately after a surprise 3% GDP growth, which exceeded expectations. Despite Trump's claims of 'no inflation', the Fed is likely to maintain its current rates due to recent inflation data. Trump's pressure for rate cuts reflects his belief that lower interest rates would stimulate home buying and refinancing, even as Powell shows no signs of altering his approach for the time being.
Source: YAHOO