Posted on 07/15/25
| News Source: FOX Business
President Donald Trump on Tuesday said consumer prices are lower and that the Federal Reserve should lower interest rates.
"Consumer Prices LOW. Bring down the Fed Rate, NOW!!!" Trump said in a post on Truth Social.
The president said in a separate post that the central bank should lower rates by three points.
"Fed should cut Rates by 3 Points. Very Low Inflation. One Trillion Dollars a year would be saved!!!" he wrote.
Trump's posts came the same morning that the Bureau of Labor Statistics released the latest inflation data, with its consumer price index (CPI) showing prices increased in June from the prior month.
The president said in a separate post that the central bank should lower rates by three points. (Tasos Katopodis/Getty Images / Getty Images)
Headline CPI rose to 2.7% on an annual basis, slightly higher than the expectations of economists polled by LSEG. Core CPI – which excludes volatile measurements of food and gasoline – increased to 2.9% from a year ago, slightly cooler than expected.
The rise in inflation, as well as the price pressures expected to arrive in the next few months as more goods exposed to tariffs reach consumers, have complicated the outlook for the Federal Reserve to cut interest rates. Fed Chair Jerome Powell said recently that the Fed would likely have already cut interest rates this year but for the impact of tariffs pushing inflation expectations higher.