Donald Trump, tariff
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Trump, Federal Reserve and interest rate
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While meeting British Prime Minister Keir Starmer, President Donald Trump said Fed Chair Jerome Powell "has to" cut interest rates.
The trade agreement reached between the U.S. and European Union reaffirms an emerging pattern: higher tariffs, purchase commitments, investment agreements—and a lot of confusion.
A federal judge on Monday denied a request by a Donald Trump ally to force the Federal Reserve committee responsible for directing US monetary policy to make its meetings publicly accessible and accused an investment firm of wasting the court’s time.
The Trump administration touts tariffs as part of a wider set of "America First economic policies," which have "sparked trillions of dollars in new investment in U.S. manufacturing, technology, and infrastructure," according to the White House's website.
Jerome Powell has been President Trump’s No. 1 target as Trump demands lower interest rates, but other policymakers are also part of each rate decision.
Slashing government interest rates could have the paradoxical effect of raising the interest rates paid in the real world.
In comments to the press on Tuesday, President Donald Trump suggested he is considering eliminating capital gains taxes on the sale of homes.