Trump Tries to Pressure Fed to Cut Rates Amid Inflation Concerns

The Trump administration is urging the Federal Reserve to keep interest rates unchanged or even lower them at its upcoming September 15-16 policy meeting.

However, some experts warn that reducing rates too soon could undermine efforts to tame inflation.

According to Mark Higgins, author of 'Investing in U.S. Financial History: Understanding the Past to Forecast the Future', lowering rates now could have unintended consequences on inflation.