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Trump says inflation data means Fed can cut interest rates
Trump cites December CPI rise of 2.7% and core inflation at 2.6% to justify Federal Reserve interest rate cuts and supports $200 billion mortgage bond purchase.
- On Jan 13, President Donald Trump welcomed December inflation figures and said they supported his push for Federal Reserve chair Jerome Powell to cut interest rates before departing for Detroit.
- The U.S. Bureau of Labor Statistics reported the Consumer Price Index for All Urban Consumers rose 0.3% in December, with consumer prices up 2.7% year-on-year and core CPI at 2.6%, below the 2.7% markets had expected.
- Pressuring the Fed, Trump wrote in a social media post Tuesday, `That means that Jerome 'Too Late' Powell should cut interest rates, MEANINGFULLY!!!` and announced a $200 billion federal mortgage-bond purchase last week.
- The Justice Department's probe into Jerome Powell's testimony could delay Federal Reserve action and drew condemnation from former Fed chiefs and criticism from key Republican Party members on Monday.
- Household costs showed the food index rose 3.1% and the energy index increased 2.3% last year, while Heather Long called it `Overall, a mild inflation report for December` and the White House said Trump had tamed inflation.
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After new inflation data, Trump again calls on Fed Chair Powell to cut rates
'JUST OUT: Great (LOW!) Inflation numbers for the USA. That means that Jerome 'Too Late' Powell should cut interest rates, MEANINGFULLY!!!' US president says after annual inflation in December matches market expectations - Anadolu Ajansı
·Ankara, Türkiye
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US inflation holds steady as White House ramps up affordability push
US inflation held steady in December, new data showed Tuesday, suggesting the country has largely avoided a runaway surge in consumer prices.Although inflation remains above the Federal Reserve’s 2% target, the new reading suggests the impact of tariffs on prices has abated since the fall. President Donald Trump used the report to urge the Fed to lower the cost of borrowing, though traders expect the central bank to hold interest rates steady th…
·New York, United States
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Coverage Details
Total News Sources32
Leaning Left4Leaning Right8Center6Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
L 22%
C 33%
R 45%
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