US EditionTrump says inflation data means Fed can cut interest rates
President Trump cited December's steady 2.7% inflation rate to urge Federal Reserve Chair Jerome Powell to reduce interest rates despite ongoing Fed resistance.
- 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.
44 Articles
44 Articles
Trump praises "low" inflation data, doubles down on rate cut demands
US President Donald Trump says inflation in the country is low enough for Fed chair Jerome Powell to deliver "a big, beautiful cut" to interest rates. US consumer prices rose 2.7% in December, still significantly above the Federal Reserve's 2% target. Meanwhile, the heads of global central banks came together in support of Powell, after the Justice Department's criminal investigation against him raised concern over the Fed's independence.
American Workers’ Wages Climb as Inflation Stabilizes.
PULSE POINTSWHAT HAPPENED: Fresh economic data suggests inflation is under control, with workers seeing real wage gains under President Donald J. Trump.WHO WAS INVOLVED: President Trump, White House Press Secretary Karoline Leavitt, and Bloomberg’s Chris Anstey.WHEN & WHERE: Data released today, covering the U.S. economy under President Trump’s administration.KEY QUOTE: “Yet another report confirms that President Trump has defeated the inflation…
Trump calls for 'jerk' Powell to lower interest rates after latest inflation data
President Donald Trump on Tuesday touted the release of fresh inflation data from December that showed price growth has held steady, saying that trend supports his calls for the Federal Reserve to lower interest rates.The Bureau of Labor Statistics released the consumer price index (CPI) for December, which showed that headline inflation was up 2.7% from a year ago, while core CPI, which excludes volatile food and energy prices, came in at 2.6%.…
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
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