High interest rates have been battering consumers for years. And there’s been a lot of pressure on the Federal Reserve to lower its benchmark interest rate, since that should result in lower consumer borrowing costs across the board.
But in March, the Fed opted to keep its benchmark interest rate steady. The Fed hasn’t nudged interest rates downward since late 2024. Its last rate cut happened back in December.
That’s not sitting well with President Donald Trump, who has made it clear that he’s looking for the Fed to cut rates in short order.
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https://finance.yahoo.com/news/trump-calls-federal-cut-interest-160700661.html