Reported 3 days ago
President Donald Trump's commitment to demand lower interest rates faces significant hurdles due to the transformed economy post-pandemic. While he promises cheaper prices and a reduction in borrowing costs, the current economic growth, high budget deficits, and rising demand for loans may maintain or elevate interest rates. Experts suggest that inflation could worsen with proposed tariffs and immigration policies, making it less likely for the Federal Reserve to cut rates significantly. Overall, the complex economic landscape complicates Trump's goals of lowering interest rates.
Source: YAHOO