Trump’s Latest Attack on Fed Zooms In on Surging Debt Costs (1)

Donald Trump is putting new spin on his months-long call for the Federal Reserve to lower interest rates: It’s important for bringing down the cost of government debt.

Soon after returning to the White House for his second term, the president began pressuring Chair Jerome Powell to aid the economy as it transitioned to higher tariff levels. Now, Trump says that rate cuts are needed to address what’s become one of the biggest causes of a supersized federal budget deficit.

Treasury figures last week showed the government shelled out some $776 billion in interest costs on the federal debt ...