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 showing prices increased in June from the prior month.
