Trump Seeks Rate Cuts Amid Falling Costs and Rising Inflation Concerns

US President Donald Trump has called for Federal Reserve rate cuts to combat rising costs and inflation. In a recent statement, he said that costs are falling rapidly and prices should drop significantly once the Gulf War ends.

Trump also praised Fed Chair Kevin Warsh, stating that he would do the right thing, but emphasized the need for lower interest rates. This marks the first time Trump has publicly advocated for rate cuts.

The US Treasury Secretary Bessent commented on the tax cuts implemented by the Trump administration, noting that they provided substantial relief for low- and middle-income households.