Moore Breaks with Trump on Fed Rates, Citing Inflation Concerns

Former Trump Senior Economic Adviser Stephen Moore has urged the Federal Reserve to keep interest rates steady, contradicting President Donald Trump's repeated calls for lower borrowing costs. On Bloomberg This Weekend, Moore stated that inflation remains too high for a rate cut, citing concerns about elevated oil prices and the ongoing US-Canada trade dispute.

The escalating tensions between the US and Canada pose significant risks to the economy and Republicans heading into the midterm elections, according to Moore. He emphasized that the central bank should maintain its current stance on interest rates, rather than cutting them as Trump has advocated.