Trump Says Fed Must Lower Rates After Soft Inflation Report (1)

President Donald Trump cited a softer-than-expected inflation report to again pressure Federal Reserve Chair Jerome Powell to lower interest rates.

“No Inflation, and Prices of Gasoline, Energy, Groceries, and practically everything else, are DOWN!!!” Trump wrote in a social media post. “THE FED must lower the RATE, like Europe and China have done. What is wrong with Too Late Powell?”

Trump added that the Fed’s strategy was “not fair to America, which is ready to blossom.”

“Just let it all happen, it will be a beautiful thing!” he continued.

The president’s latest call for lower rates came after a report ...