Trump Tells Cabinet He Hopes Fed Will Lower Interest Rates

President Donald Trump reiterated his call for the Federal Reserve to cut interest rates during a Cabinet meeting on Monday, as he continues to push the central bank on monetary policy.

“Generally, prices are coming down, and energy prices are coming down, and I hope the Fed lowers interest rates, and then you get to see interest rates coming down,” Trump said.

Trump said in a social media post last week that the Fed would be much better cutting rates as his planned tariffs hit the economy, after officials held their benchmark interest rate steady on Wednesday for a second ...