President Donald Trump renewed his criticism of the Federal Reserve for holding off on interest rate cuts.
What Happened: On Tuesday, Trump once again called out the Federal Reserve for not cutting interest rates in an interview with ABC News, marking the 100th day milestone of his second term in office.
Showing more restraint than in past attacks on Fed Chair Jerome Powell, Trump pointed to his administration’s progress on inflation, citing lower grocery, egg, and gasoline prices, before adding that “interest rates are the same.”
Trump pointed out that gasoline prices were at $1.98 per gallon in some states, “It was $3.50 and $4.00 and $4.50. But gasoline is way down,” …